Carmine Joseph Broccole Sells 1,123 Shares of Standard Motor Products, Inc. (SMP) Stock

Standard Motor Products, Inc. (NYSE:SMP) SVP Carmine Joseph Broccole sold 1,123 shares of Standard Motor Products stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $48.18, for a total value of $54,106.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Standard Motor Products, Inc. (NYSE:SMP) opened at 47.67 on Thursday. Standard Motor Products, Inc. has a 12-month low of $43.29 and a 12-month high of $55.37. The company has a market cap of $1.09 billion, a P/E ratio of 17.77 and a beta of 1.80. The stock’s 50 day moving average price is $46.49 and its 200 day moving average price is $48.74.

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

ILLEGAL ACTIVITY WARNING: “Carmine Joseph Broccole Sells 1,123 Shares of Standard Motor Products, Inc. (SMP) Stock” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://sportsperspectives.com/2017/10/12/carmine-joseph-broccole-sells-1123-shares-of-standard-motor-products-inc-smp-stock.html.

Several large investors have recently made changes to their positions in SMP. Envestnet Asset Management Inc. bought a new position in shares of Standard Motor Products in the 1st quarter worth approximately $152,000. NN Investment Partners Holdings N.V. bought a new position in shares of Standard Motor Products in the 2nd quarter worth approximately $186,000. Victory Capital Management Inc. raised its position in shares of Standard Motor Products by 119.1% in the 1st quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock worth $203,000 after acquiring an additional 2,242 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of 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 acquiring an additional 1,742 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Standard Motor Products in the 2nd quarter worth approximately $227,000. 78.41% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Standard Motor Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BidaskClub downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Jefferies Group LLC reiterated a “buy” rating on shares of Standard Motor Products in a report on Friday, July 7th. Finally, ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average 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.

Insider Buying and Selling by Quarter for Standard Motor Products (NYSE:SMP)

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.

Latest News

Leave a Reply