Standard Motor Products, Inc. (NYSE:SMP) Chairman Lawrence I. Sills sold 7,075 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $44.45, for a total transaction of $314,483.75. Following the sale, the chairman now owns 704,696 shares in the company, valued at approximately $31,323,737.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lawrence I. Sills also recently made the following trade(s):

  • On Wednesday, June 14th, Lawrence I. Sills sold 2,200 shares of Standard Motor Products stock. The stock was sold at an average price of $50.65, for a total transaction of $111,430.00.
  • On Tuesday, June 13th, Lawrence I. Sills sold 4,800 shares of Standard Motor Products stock. The stock was sold at an average price of $50.83, for a total transaction of $243,984.00.
  • On Wednesday, June 14th, Lawrence I. Sills sold 7,000 shares of Standard Motor Products stock. The stock was sold at an average price of $50.77, for a total transaction of $355,390.00.

Shares of Standard Motor Products, Inc. (NYSE:SMP) traded up 0.39% during midday trading on Thursday, hitting $44.18. 41,833 shares of the company’s stock traded hands. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 16.47 and a beta of 1.81. Standard Motor Products, Inc. has a 1-year low of $43.29 and a 1-year high of $55.37. The company has a 50 day moving average price of $48.46 and a 200 day moving average price of $49.20.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by $0.18. Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. The firm had revenue of $312.73 million for the quarter. During the same period in the prior year, the company earned $0.88 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that Standard Motor Products, Inc. will post $2.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.73%. The ex-dividend date is Friday, August 11th. Standard Motor Products’s dividend payout ratio is currently 28.36%.

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A number of institutional investors have recently made changes to their positions in SMP. Teachers Advisors LLC increased its position in shares of Standard Motor Products by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 36,176 shares of the auto parts company’s stock valued at $1,925,000 after buying an additional 1,566 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Standard Motor Products by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the auto parts company’s stock valued at $403,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Standard Motor Products by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 2,220 shares of the auto parts company’s stock valued at $109,000 after buying an additional 60 shares in the last quarter. Strs Ohio purchased a new position in shares of Standard Motor Products during the first quarter valued at about $633,000. Finally, Wells Fargo & Company MN increased its position in shares of Standard Motor Products by 12.9% in the first quarter. Wells Fargo & Company MN now owns 37,888 shares of the auto parts company’s stock valued at $1,862,000 after buying an additional 4,316 shares in the last quarter. 78.43% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on SMP. BidaskClub upgraded shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reiterated a “buy” rating and set a $56.00 price objective on shares of Standard Motor Products in a research note on Wednesday, May 3rd. Finally, ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $55.67.

About Standard Motor Products

Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.

Insider Buying and Selling by Quarter for Standard Motor Products (NYSE:SMP)

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