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

Standard Motor Products, Inc. (SMP) traded down $0.69 during mid-day trading on Wednesday, reaching $41.02. The company had a trading volume of 13,214 shares, compared to its average volume of 92,393. Standard Motor Products, Inc. has a 12 month low of $41.63 and a 12 month high of $55.37. The firm has a market cap of $959.69, a PE ratio of 15.66, a price-to-earnings-growth ratio of 2.70 and a beta of 1.80.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.74 earnings per share (EPS) 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 firm had revenue of $281.06 million during the quarter. During the same quarter last year, the firm posted $0.92 EPS. The company’s revenue was down 6.5% compared to the same quarter last year. equities research analysts expect that Standard Motor Products, Inc. will post 2.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, November 14th. Standard Motor Products’s payout ratio is 32.20%.

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Hedge funds have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. acquired a new stake in Standard Motor Products in the 2nd quarter worth about $186,000. State of Alaska Department of Revenue boosted its holdings in Standard Motor Products by 78.5% in 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 buying an additional 1,742 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Standard Motor Products in the 2nd quarter worth about $227,000. Victory Capital Management Inc. boosted its holdings in Standard Motor Products by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,854 shares of the auto parts company’s stock worth $253,000 after buying an additional 729 shares during the last quarter. Finally, ClariVest Asset Management LLC acquired a new stake in Standard Motor Products in the 2nd quarter worth about $256,000. Institutional investors own 78.84% of the company’s stock.

Several equities analysts recently weighed in on the company. Zacks Investment Research lowered Standard Motor Products from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. BidaskClub lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. FBR & Co restated a “hold” rating and issued a $48.00 price target on shares of Standard Motor Products in a research note on Friday, October 27th. B. Riley restated a “neutral” rating on shares of Standard Motor Products in a research note on Wednesday, November 1st. Finally, ValuEngine lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Standard Motor Products has an average rating of “Hold” and a consensus 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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