Peter J. Sills Sells 2,775 Shares of Standard Motor Products, Inc. (SMP) Stock
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%.
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.
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