Standard Motor Products Inc. (NYSE:SMP) has received a consensus rating of “Buy” from the six analysts that are covering the stock. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $44.67.
Several equities research analysts have commented on SMP shares. FBR & Co upped their price target on shares of Standard Motor Products from $38.00 to $40.00 and gave the company a “mkt perform” rating in a report on Thursday, August 4th. Jefferies Group upped their price target on shares of Standard Motor Products from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Zacks Investment Research raised shares of Standard Motor Products from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a report on Friday, August 5th.
In other news, Director Arthur S. Sills sold 10,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $42.80, for a total transaction of $428,000.00. Following the sale, the director now directly owns 361,010 shares of the company’s stock, valued at approximately $15,451,228. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Peter J. Sills sold 2,314 shares of the stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $46.99, for a total transaction of $108,734.86. The disclosure for this sale can be found here. Insiders own 6.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. PineBridge Investments L.P. raised its stake in Standard Motor Products by 8.1% in the second quarter. PineBridge Investments L.P. now owns 2,504 shares of the company’s stock valued at $100,000 after buying an additional 187 shares during the last quarter. Teacher Retirement System of Texas increased its position in Standard Motor Products by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 2,838 shares of the company’s stock valued at $113,000 after buying an additional 341 shares during the period. Creative Planning increased its position in Standard Motor Products by 15.2% in the third quarter. Creative Planning now owns 2,550 shares of the company’s stock valued at $122,000 after buying an additional 337 shares during the period. BlackRock Inc. increased its position in Standard Motor Products by 216.2% in the second quarter. BlackRock Inc. now owns 3,772 shares of the company’s stock valued at $150,000 after buying an additional 2,579 shares during the period. Finally, Mason Street Advisors LLC bought a new position in Standard Motor Products during the second quarter valued at $154,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Standard Motor Products (NYSE:SMP) traded down 0.870% during midday trading on Monday, hitting $47.265. The stock had a trading volume of 15,947 shares. Standard Motor Products has a 52-week low of $29.69 and a 52-week high of $48.37. The stock has a market cap of $1.07 billion, a PE ratio of 19.793 and a beta of 1.77. The firm has a 50 day moving average price of $46.26 and a 200-day moving average price of $40.50.
Standard Motor Products (NYSE:SMP) last posted its quarterly 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 net margin of 5.50% and a return on equity of 14.75%. The company had revenue of $289 million for the quarter, compared to analyst estimates of $277.37 million. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Standard Motor Products will post $2.83 EPS for the current fiscal year.
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.
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