Insider Selling: Standard Motor Products, Inc. (SMP) EVP Sells $77,168.00 in Stock

Standard Motor Products, Inc. (NYSE:SMP) EVP James J. Burke sold 1,600 shares of Standard Motor Products stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $48.23, for a total transaction of $77,168.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter. During the same period in the prior year, the company posted $0.88 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year.

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Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Standard Motor Products by 65,269.9% in the 1st quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock worth $122,033,000 after acquiring an additional 2,479,605 shares during the last quarter. Royce & Associates LP increased its stake in shares of Standard Motor Products by 3.5% in the 2nd quarter. Royce & Associates LP now owns 2,141,830 shares of the auto parts company’s stock worth $111,846,000 after acquiring an additional 72,600 shares during the last quarter. FMR LLC increased its stake in shares of Standard Motor Products by 13.0% in the 2nd quarter. FMR LLC now owns 2,013,969 shares of the auto parts company’s stock worth $105,169,000 after acquiring an additional 231,048 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Standard Motor Products by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,616,339 shares of the auto parts company’s stock worth $79,427,000 after acquiring an additional 15,441 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Standard Motor Products by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,061,767 shares of the auto parts company’s stock worth $55,445,000 after acquiring an additional 19,697 shares during the last quarter. 78.41% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Standard Motor Products from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price target on shares of Standard Motor Products in a research report on Tuesday, September 12th. ValuEngine cut shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Finally, BidaskClub cut shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Standard Motor Products currently has a consensus rating of “Hold” and a consensus price target of $54.00.

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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