Standard Motor Products, Inc. (NYSE:SMP) insider Lawrence I. Sills sold 1,500 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $48.19, for a total value of $72,285.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Standard Motor Products, Inc. (NYSE:SMP) opened at 47.77 on Wednesday. Standard Motor Products, Inc. has a 52 week low of $43.29 and a 52 week high of $55.37. The firm’s 50-day moving average price is $46.39 and its 200 day moving average price is $48.75. The company has a market capitalization of $1.09 billion, a PE ratio of 17.80 and a beta of 1.80.

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

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its stake in shares of Standard Motor Products by 0.6% in the first quarter. Legal & General Group Plc now owns 33,915 shares of the auto parts company’s stock worth $1,666,000 after acquiring an additional 215 shares during the last quarter. Mason Street Advisors LLC grew its stake in shares of Standard Motor Products by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,699 shares of the auto parts company’s stock worth $231,000 after acquiring an additional 308 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Standard Motor Products by 3.4% in the first quarter. Principal Financial Group Inc. now owns 165,662 shares of the auto parts company’s stock worth $8,140,000 after acquiring an additional 5,434 shares during the last quarter. BlackRock Inc. grew its stake in shares of Standard Motor Products by 65,269.9% in the first quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock worth $122,033,000 after acquiring an additional 2,479,605 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Standard Motor Products by 66.9% in the first quarter. Renaissance Technologies LLC now owns 80,300 shares of the auto parts company’s stock worth $3,946,000 after acquiring an additional 32,200 shares during the last quarter. 78.41% of the stock is currently owned by hedge funds and other institutional investors.

SMP has been the topic of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $60.00 price objective on shares of Standard Motor Products in a research note on Wednesday, August 9th. BidaskClub upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded Standard Motor Products from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, ValuEngine cut Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.00.

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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