Standard Motor Products, Inc. (NYSE:SMP) insider Peter J. Sills sold 2,609 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $45.16, for a total value of $117,822.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Standard Motor Products, Inc. (NYSE:SMP) opened at 45.84 on Wednesday. Standard Motor Products, Inc. has a 52-week low of $43.29 and a 52-week high of $55.37. The stock’s 50 day moving average price is $46.37 and its 200 day moving average price is $48.85. The company has a market capitalization of $1.04 billion, a P/E ratio of 17.09 and a beta of 1.79.
Standard Motor Products (NYSE:SMP) last released 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). The business had revenue of $312.73 million for the quarter. Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous 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 declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Friday, August 11th. Standard Motor Products’s dividend payout ratio is presently 28.36%.
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A number of analysts recently issued reports on SMP shares. Zacks Investment Research downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating on shares of Standard Motor Products in a research report on Friday, July 7th. Finally, ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $55.67.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in shares of Standard Motor Products by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 2,220 shares of the auto parts company’s stock worth $109,000 after purchasing an additional 60 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Standard Motor Products during the 1st quarter worth $152,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Standard Motor Products during the 2nd quarter worth $186,000. Victory Capital Management Inc. grew its holdings in shares of 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 during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Standard Motor Products during the 2nd quarter worth $227,000. Institutional investors and hedge funds own 78.43% of the company’s stock.
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.
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