Standard Motor Products, Inc. (NYSE:SMP) VP Thomas Tesoro sold 775 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $44.18, for a total value of $34,239.50. Following the completion of the transaction, the vice president now directly owns 31,456 shares in the company, valued at $1,389,726.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas Tesoro also recently made the following trade(s):

  • On Wednesday, August 2nd, Thomas Tesoro sold 3,950 shares of Standard Motor Products stock. The shares were sold at an average price of $47.91, for a total value of $189,244.50.

Shares of Standard Motor Products, Inc. (NYSE:SMP) opened at 43.67 on Wednesday. Standard Motor Products, Inc. has a 12-month low of $43.29 and a 12-month high of $55.37. The company’s 50-day moving average price is $47.09 and its 200 day moving average price is $48.58. The firm has a market capitalization of $994.85 million, a price-to-earnings ratio of 16.28 and a beta of 1.80.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.12). The company had revenue of $281.06 million during the quarter. Standard Motor Products had a net margin of 4.97% and a return on equity of 13.68%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. On average, equities research analysts forecast that Standard Motor Products, Inc. will post $2.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.74%. The ex-dividend date is Tuesday, November 14th. Standard Motor Products’s dividend payout ratio (DPR) is presently 32.20%.

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A number of hedge funds have recently modified their holdings of SMP. Envestnet Asset Management Inc. acquired a new position in Standard Motor Products during the 1st quarter worth approximately $152,000. NN Investment Partners Holdings N.V. acquired a new position in Standard Motor Products during the 2nd quarter worth approximately $186,000. State of Alaska Department of Revenue increased its position in Standard Motor Products by 78.5% during 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 purchasing an additional 1,742 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Standard Motor Products during the 2nd quarter worth approximately $227,000. Finally, Victory Capital Management Inc. increased its position in Standard Motor Products by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,854 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 729 shares during the period. Hedge funds and other institutional investors own 78.65% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Standard Motor Products from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Standard Motor Products in a report on Friday, July 7th. BidaskClub raised Standard Motor Products from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. FBR & Co reaffirmed a “hold” rating and set a $48.00 target price on shares of Standard Motor Products in a report on Friday, October 27th. Finally, ValuEngine lowered Standard Motor Products from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently 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)

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