Standard Motor Products, Inc. (NYSE:SMP) Director Peter J. Sills sold 1,344 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $50.29, for a total value of $67,589.76. Following the transaction, the director now owns 360,713 shares in the company, valued at approximately $18,140,256.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Standard Motor Products, Inc. (NYSE:SMP) traded down 0.49% during trading on Tuesday, hitting $50.46. The stock had a trading volume of 64,294 shares. The company has a market cap of $1.15 billion, a PE ratio of 18.31 and a beta of 1.81. The stock has a 50-day moving average price of $49.95 and a 200-day moving average price of $50.11. Standard Motor Products, Inc. has a 52 week low of $37.10 and a 52 week high of $55.37.
Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Thursday, May 4th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.09. Standard Motor Products had a net margin of 5.80% and a return on equity of 15.57%. The firm had revenue of $282.38 million during the quarter. During the same period in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities analysts predict that Standard Motor Products, Inc. will post $3.22 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, May 11th. Standard Motor Products’s dividend payout ratio (DPR) is presently 27.54%.
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Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased 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 buying an additional 2,479,605 shares during the period. Opus Capital Group LLC purchased a new stake in shares of Standard Motor Products during the first quarter worth $6,430,000. FMR LLC increased its stake in shares of Standard Motor Products by 6.4% in the fourth quarter. FMR LLC now owns 1,845,474 shares of the auto parts company’s stock worth $98,216,000 after buying an additional 110,375 shares during the period. Rockefeller Financial Services Inc. increased its stake in shares of Standard Motor Products by 74.2% in the first quarter. Rockefeller Financial Services Inc. now owns 225,487 shares of the auto parts company’s stock worth $11,080,000 after buying an additional 96,030 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Standard Motor Products during the fourth quarter worth $4,902,000. 77.68% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on SMP. Jefferies Group LLC reaffirmed a “buy” rating and set a $56.00 target price on shares of Standard Motor Products in a research report on Wednesday, May 3rd. Zacks Investment Research raised Standard Motor Products from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, May 5th.
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.
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