Standard Motor Products (NYSE:SMP) EVP Sells $226,122.00 in Stock

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 5,798 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $39.00, for a total value of $226,122.00. Following the sale, the executive vice president directly owned 47,657 shares of the company’s stock, valued at $1,858,623. This represents a 10.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Dale Burks also recently made the following trade(s):

• On Tuesday, August 18th, Dale Burks sold 3,500 shares of Standard Motor Products stock. The shares were sold at an average price of $38.76, for a total transaction of $135,660.00.
• On Friday, August 14th, Dale Burks sold 9,051 shares of Standard Motor Products stock. The shares were sold at an average price of $38.71, for a total transaction of $350,364.21.

Standard Motor Products Price Performance

Shares of SMP opened at $38.69 on Friday. The company’s 50-day moving average is $38.82 and its 200-day moving average is $38.82. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.00 and a quick ratio of 0.80. The firm has a market capitalization of $864.33 million, a PE ratio of 17.27 and a beta of 0.82. Standard Motor Products, Inc. has a fifty-two week low of $34.27 and a fifty-two week high of $46.00.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Tuesday, August 4th. The auto parts company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.39 by $0.01. Standard Motor Products had a net margin of 2.78% and a return on equity of 13.28%. The business had revenue of $526.72 million during the quarter, compared to the consensus estimate of $511.68 million. During the same quarter in the previous year, the firm posted $1.13 EPS. Equities analysts forecast that Standard Motor Products, Inc. will post 4.23 EPS for the current year.

Standard Motor Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, August 14th. This represents a $1.32 annualized dividend and a yield of 3.4%. Standard Motor Products’s dividend payout ratio (DPR) is 58.93%.

Hedge Funds Weigh In On Standard Motor Products

Several institutional investors and hedge funds have recently modified their holdings of SMP. BlackRock Inc. acquired a new stake in Standard Motor Products in the 2nd quarter worth about $158,258,000. Dimensional Fund Advisors LP boosted its holdings in Standard Motor Products by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,386,382 shares of the auto parts company’s stock valued at $51,089,000 after purchasing an additional 4,927 shares during the period. Royce & Associates LP grew its position in shares of Standard Motor Products by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,101,199 shares of the auto parts company’s stock worth $40,579,000 after purchasing an additional 36,688 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Standard Motor Products by 1.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 996,928 shares of the auto parts company’s stock worth $34,633,000 after purchasing an additional 16,664 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Standard Motor Products by 0.6% during the fourth quarter. State Street Corp now owns 826,471 shares of the auto parts company’s stock worth $30,455,000 after purchasing an additional 5,319 shares during the period. 81.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. Zacks Research lowered Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings raised Standard Motor Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Standard Motor Products presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Standard Motor Products Company Profile

Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.

The company operates through two primary segments: Engine Management and Temperature Control.