Standard Motor Products, Inc. (NYSE:SMP) Chairman Lawrence I. Sills sold 5,002 shares of Standard Motor Products stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $44.10, for a total transaction of $220,588.20. Following the completion of the transaction, the chairman now directly owns 704,696 shares of the company’s stock, valued at approximately $31,077,093.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Lawrence I. Sills also recently made the following trade(s):

  • On Wednesday, June 14th, Lawrence I. Sills sold 2,200 shares of Standard Motor Products stock. The shares were sold at an average price of $50.65, for a total transaction of $111,430.00.
  • On Tuesday, June 13th, Lawrence I. Sills sold 4,800 shares of Standard Motor Products stock. The shares were sold at an average price of $50.83, for a total transaction of $243,984.00.
  • On Wednesday, June 14th, Lawrence I. Sills sold 7,000 shares of Standard Motor Products stock. The shares were sold at an average price of $50.77, for a total transaction of $355,390.00.

Shares of Standard Motor Products, Inc. (SMP) traded up 0.39% on Thursday, hitting $44.18. 41,833 shares of the stock were exchanged. The stock’s 50-day moving average is $48.46 and its 200-day moving average is $49.20. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 16.47 and a beta of 1.81. Standard Motor Products, Inc. has a 1-year low of $43.29 and a 1-year high of $55.37.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by $0.18. The company had revenue of $312.73 million for the quarter. Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. Analysts forecast that Standard Motor Products, Inc. will post $2.87 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.73%. Standard Motor Products’s payout ratio is currently 28.36%.

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A number of research analysts have recently commented on SMP shares. Zacks Investment Research raised shares of Standard Motor Products from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, May 5th. Jefferies Group LLC reissued 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 downgraded shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, ValuEngine downgraded shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $55.67.

A number of institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its position in Standard Motor Products by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 2,220 shares of the auto parts company’s stock valued at $109,000 after buying an additional 60 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Standard Motor Products during the first quarter valued at $152,000. NN Investment Partners Holdings N.V. bought a new position in Standard Motor Products during the second quarter valued at $186,000. Victory Capital Management Inc. raised its position in Standard Motor Products by 119.1% in the first quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock valued at $203,000 after buying an additional 2,242 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Standard Motor Products during the first quarter valued at $226,000. Institutional investors own 78.43% of the company’s stock.

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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