Standard Motor Products, Inc. (NYSE:SMP) VP Ray Nicholas sold 1,331 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $45.25, for a total value of $60,227.75. Following the transaction, the vice president now directly owns 30,250 shares in the company, valued at $1,368,812.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Standard Motor Products, Inc. (SMP) traded down 0.50% during trading on Friday, hitting $46.12. The stock had a trading volume of 56,570 shares. The stock has a market cap of $1.05 billion, a P/E ratio of 17.19 and a beta of 1.79. Standard Motor Products, Inc. has a one year low of $43.29 and a one year high of $55.37. The stock’s 50 day moving average price is $45.81 and its 200-day moving average price is $48.79.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a dividend of $0.19 per share. The ex-dividend date was Friday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.64%. Standard Motor Products’s dividend payout ratio (DPR) is currently 28.36%.

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SMP has been the topic of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of Standard Motor Products in a research report on Wednesday, August 9th. BidaskClub raised Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Finally, Zacks Investment Research downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Standard Motor Products currently has a consensus rating of “Hold” and a consensus target price of $55.67.

Several institutional investors have recently added to or reduced their stakes in SMP. Teachers Advisors LLC lifted its position in shares of Standard Motor Products by 4.5% during the 4th quarter. Teachers Advisors LLC now owns 36,176 shares of the auto parts company’s stock worth $1,925,000 after purchasing an additional 1,566 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Standard Motor Products by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the auto parts company’s stock worth $403,000 after purchasing an additional 100 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Standard Motor Products by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 2,220 shares of the auto parts company’s stock worth $109,000 after purchasing an additional 60 shares during the last quarter. Strs Ohio purchased a new stake in shares of Standard Motor Products during the 1st quarter worth $633,000. Finally, Wells Fargo & Company MN lifted its position in shares of Standard Motor Products by 12.9% during the 1st quarter. Wells Fargo & Company MN now owns 37,888 shares of the auto parts company’s stock worth $1,862,000 after purchasing an additional 4,316 shares during the last quarter. 78.43% of the stock is owned by institutional investors and hedge funds.

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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