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