Standard Motor Products, Inc. (NYSE:SMP) insider Peter J. Sills sold 2,775 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $42.46, for a total transaction of $117,826.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Standard Motor Products, Inc. (SMP) opened at $41.35 on Thursday. Standard Motor Products, Inc. has a fifty-two week low of $41.63 and a fifty-two week high of $55.37. The firm has a market cap of $943.41, a P/E ratio of 15.39, a P/E/G ratio of 2.60 and a beta of 1.80.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.12). Standard Motor Products had a return on equity of 13.68% and a net margin of 4.97%. The business had revenue of $281.06 million during the quarter. During the same quarter in the previous year, the business posted $0.92 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. research analysts expect that Standard Motor Products, Inc. will post 2.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.84%. Standard Motor Products’s payout ratio is 32.20%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. NN Investment Partners Holdings N.V. acquired a new stake in shares of Standard Motor Products during the 2nd quarter worth approximately $186,000. State of Alaska Department of Revenue grew its stake in shares of 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 during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Standard Motor Products during the 2nd quarter worth approximately $227,000. Victory Capital Management Inc. grew its stake in shares of Standard Motor Products by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,854 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 729 shares during the period. Finally, ClariVest Asset Management LLC purchased a new position in shares of Standard Motor Products during the 2nd quarter valued at approximately $256,000. 78.84% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Standard Motor Products in a research report on Wednesday, August 9th. BidaskClub raised shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. FBR & Co reiterated a “hold” rating and issued a $48.00 price target on shares of Standard Motor Products in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Standard Motor Products from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, ValuEngine downgraded shares of Standard Motor Products from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.00.

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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