Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 1,331 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $49.93, for a total value of $66,456.83. Following the sale, the executive vice president now directly owns 45,016 shares of the company’s stock, valued at approximately $2,247,648.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
SMP stock traded up $0.18 on Thursday, reaching $50.37. The company’s stock had a trading volume of 2,526 shares, compared to its average volume of 82,222. The business has a fifty day simple moving average of $45.34 and a two-hundred day simple moving average of $47.07. Standard Motor Products, Inc. has a 12-month low of $42.03 and a 12-month high of $56.54. The firm has a market cap of $1.08 billion, a PE ratio of 19.69, a PEG ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.58 and a current ratio of 1.54.
Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. Standard Motor Products had a return on equity of 13.71% and a net margin of 4.48%. The company had revenue of $305.17 million during the quarter, compared to analyst estimates of $302.47 million. During the same quarter last year, the firm posted $0.74 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Standard Motor Products, Inc. will post 3.06 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in SMP. BNP Paribas Arbitrage SA lifted its stake in Standard Motor Products by 283.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,420 shares of the auto parts company’s stock worth $217,000 after acquiring an additional 3,268 shares during the period. Bank of Montreal Can lifted its stake in Standard Motor Products by 18.0% in the first quarter. Bank of Montreal Can now owns 1,272 shares of the auto parts company’s stock worth $62,000 after acquiring an additional 194 shares during the period. SG Americas Securities LLC lifted its stake in Standard Motor Products by 143.5% in the first quarter. SG Americas Securities LLC now owns 10,209 shares of the auto parts company’s stock worth $501,000 after acquiring an additional 6,016 shares during the period. Comerica Bank lifted its stake in Standard Motor Products by 9.5% in the first quarter. Comerica Bank now owns 23,464 shares of the auto parts company’s stock worth $1,237,000 after acquiring an additional 2,028 shares during the period. Finally, Texas Permanent School Fund lifted its stake in Standard Motor Products by 3.8% in the first quarter. Texas Permanent School Fund now owns 13,710 shares of the auto parts company’s stock worth $673,000 after acquiring an additional 499 shares during the period. 78.53% of the stock is owned by institutional investors.
Separately, Zacks Investment Research lowered Standard Motor Products from a “hold” rating to a “sell” rating and set a $50.00 price target for the company. in a research note on Monday, July 29th.
Standard Motor Products Company Profile
Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.
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