Standard Motor Products, Inc. (NYSE:SMP) insider Lawrence I. Sills sold 25,417 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $44.23, for a total value of $1,124,193.91. Following the completion of the sale, the insider now owns 673,127 shares in the company, valued at $29,772,407.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

Standard Motor Products, Inc. (SMP) opened at 44.81 on Friday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 16.70 and a beta of 1.79. The firm has a 50-day moving average price of $47.47 and a 200 day moving average price of $49.01. Standard Motor Products, Inc. has a 52 week low of $43.29 and a 52 week high of $55.37.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.18. The business had revenue of $312.73 million during the quarter. Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. On average, equities research analysts forecast that Standard Motor Products, Inc. will post $2.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.70%. Standard Motor Products’s dividend payout ratio is currently 28.36%.

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SMP has been the topic of several recent analyst reports. ValuEngine lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of Standard Motor Products in a research note on Wednesday, August 9th. BidaskClub lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research lowered Standard Motor Products from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $55.67.

Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake 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 worth $109,000 after buying an additional 60 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Standard Motor Products during the first quarter worth $152,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Standard Motor Products during the second quarter worth $186,000. Victory Capital Management Inc. raised its stake in shares of Standard Motor Products by 119.1% in the first quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock worth $203,000 after buying an additional 2,242 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Standard Motor Products during the second quarter worth $227,000. Hedge funds and other institutional investors own 78.43% of the company’s stock.

Standard Motor Products Company Profile

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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