Standard Motor Products, Inc. (SMP) Insider Sells $117,802.60 in Stock
Standard Motor Products, Inc. (NYSE:SMP) insider Peter J. Sills sold 2,515 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $46.84, for a total value of $117,802.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Standard Motor Products, Inc. (NYSE:SMP) opened at 47.39 on Friday. Standard Motor Products, Inc. has a one year low of $43.29 and a one year high of $55.37. The company has a market capitalization of $1.08 billion, a P/E ratio of 17.66 and a beta of 1.80. The firm has a 50 day moving average price of $46.98 and a 200 day moving average price of $48.69.
Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.18). Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The firm had revenue of $312.73 million for the quarter. During the same quarter in the prior year, the business posted $0.88 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts predict that Standard Motor Products, Inc. will post $2.87 EPS for the current fiscal year.
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SMP has been the subject of several recent analyst reports. Zacks Investment Research downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating on shares of Standard Motor Products in a report on Friday, July 7th. Finally, ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.00.
A number of hedge funds have recently bought and sold shares of SMP. Envestnet Asset Management Inc. acquired a new position in Standard Motor Products during the 1st quarter worth approximately $152,000. NN Investment Partners Holdings N.V. bought a new stake in Standard Motor Products during the 2nd quarter worth approximately $186,000. Victory Capital Management Inc. increased its holdings in Standard Motor Products by 119.1% during the 1st quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock worth $203,000 after purchasing an additional 2,242 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Standard Motor Products by 78.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,962 shares of the auto parts company’s stock worth $206,000 after purchasing an additional 1,742 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in Standard Motor Products during the 2nd quarter worth approximately $227,000. 78.41% of the stock is currently owned by institutional investors and hedge funds.
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.
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