Standard Motor Products Inc. (NYSE:SMP) insider Peter J. Sills sold 2,322 shares of Standard Motor Products stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $46.80, for a total value of $108,669.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Standard Motor Products Inc. (NYSE:SMP) opened at 47.57 on Friday. Standard Motor Products Inc. has a 52 week low of $29.69 and a 52 week high of $47.80. The stock’s 50 day moving average price is $44.91 and its 200 day moving average price is $39.43. The company has a market capitalization of $1.08 billion, a P/E ratio of 19.92 and a beta of 1.66.
Standard Motor Products (NYSE:SMP) last announced its earnings results on Wednesday, August 3rd. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.73 by $0.15. Standard Motor Products had a return on equity of 14.75% and a net margin of 5.50%. The company had revenue of $289 million for the quarter, compared to analyst estimates of $277.37 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that Standard Motor Products Inc. will post $2.83 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.43%. Standard Motor Products’s payout ratio is 28.33%.
Several large investors have recently made changes to their positions in the stock. FMR LLC increased its position in Standard Motor Products by 3.2% in the second quarter. FMR LLC now owns 1,702,756 shares of the company’s stock worth $67,736,000 after buying an additional 52,553 shares during the period. Dimensional Fund Advisors LP increased its position in Standard Motor Products by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,608,048 shares of the company’s stock worth $63,967,000 after buying an additional 12,148 shares during the period. BlackRock Fund Advisors increased its position in Standard Motor Products by 6.8% in the second quarter. BlackRock Fund Advisors now owns 1,325,113 shares of the company’s stock worth $52,713,000 after buying an additional 84,685 shares during the period. Vanguard Group Inc. increased its position in Standard Motor Products by 5.8% in the second quarter. Vanguard Group Inc. now owns 914,466 shares of the company’s stock worth $36,378,000 after buying an additional 49,953 shares during the period. Finally, Macquarie Group Ltd. increased its position in Standard Motor Products by 3.2% in the second quarter. Macquarie Group Ltd. now owns 821,480 shares of the company’s stock worth $32,678,000 after buying an additional 25,310 shares during the period. Institutional investors own 80.02% of the company’s stock.
SMP has been the subject of a number of analyst reports. Zacks Investment Research upgraded Standard Motor Products from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Wednesday, June 15th. Jefferies Group raised their price target on Standard Motor Products from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, FBR & Co raised their price target on Standard Motor Products from $38.00 to $40.00 and gave the company a “mkt perform” rating in a research note on Thursday, August 4th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.00.
Standard Motor Products Company Profile
Standard Motor Products, Inc is a manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a focus on heavy duty, industrial equipment and the original equipment service market. The Company operates through two segments: Engine Management Segment and Temperature Control Segment.
Receive News & Ratings for Standard Motor Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Motor Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.