Standard Motor Products, Inc. (SMP) VP Ray Nicholas Sells 1,331 Shares

Standard Motor Products, Inc. (NYSE:SMP) VP Ray Nicholas sold 1,331 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $45.25, for a total value of $60,227.75. Following the completion of the transaction, the vice president now directly owns 30,250 shares of the company’s stock, valued at approximately $1,368,812.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Standard Motor Products, Inc. (SMP) traded up 1.78% during midday trading on Tuesday, reaching $45.84. The company had a trading volume of 123,573 shares. Standard Motor Products, Inc. has a one year low of $43.29 and a one year high of $55.37. The company has a market capitalization of $1.04 billion, a PE ratio of 17.09 and a beta of 1.79. The stock’s 50 day moving average is $46.37 and its 200 day moving average is $48.85.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.18). Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. The firm had revenue of $312.73 million for the quarter. During the same period in the prior year, the company posted $0.88 EPS. Standard Motor Products’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that Standard Motor Products, Inc. will post $2.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.66%. Standard Motor Products’s dividend payout ratio is currently 28.36%.

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Several equities analysts have commented on the company. Zacks Investment Research cut Standard Motor Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BidaskClub cut Standard Motor Products from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating on shares of Standard Motor Products in a report on Friday, July 7th. Finally, ValuEngine lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $55.67.

A number of institutional investors and hedge funds have recently made changes to their positions in SMP. Teachers Advisors LLC increased its holdings in shares of Standard Motor Products by 4.5% during the fourth quarter. Teachers Advisors LLC now owns 36,176 shares of the auto parts company’s stock worth $1,925,000 after buying an additional 1,566 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Standard Motor Products by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the auto parts company’s stock worth $403,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Standard Motor Products by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 2,220 shares of the auto parts company’s stock worth $109,000 after buying an additional 60 shares in the last quarter. Strs Ohio acquired a new position in shares of Standard Motor Products during the first quarter worth $633,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Standard Motor Products by 12.9% during the first quarter. Wells Fargo & Company MN now owns 37,888 shares of the auto parts company’s stock worth $1,862,000 after buying an additional 4,316 shares in the last quarter. Institutional investors and hedge funds own 78.43% of the company’s stock.

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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