CL King upgraded shares of Standard Motor Products (NYSE:SMP) from a neutral rating to a buy rating in a research note issued to investors on Friday, Briefing.com Automated Import reports. They currently have $50.00 price target on the auto parts company’s stock.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Standard Motor Products from a hold rating to a sell rating and set a $41.00 price target on the stock. in a report on Friday, May 8th. Stephens cut their price target on shares of Standard Motor Products from $61.00 to $50.00 and set an overweight rating on the stock in a report on Thursday, April 16th.

Shares of NYSE SMP opened at $41.10 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.68 and a debt-to-equity ratio of 0.05. Standard Motor Products has a 52 week low of $33.94 and a 52 week high of $55.85. The firm’s fifty day moving average is $40.31 and its 200 day moving average is $45.00. The company has a market cap of $887.84 million, a price-to-earnings ratio of 17.27 and a beta of 0.73.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings results on Wednesday, April 29th. The auto parts company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $254.30 million during the quarter, compared to the consensus estimate of $273.31 million. Standard Motor Products had a net margin of 4.90% and a return on equity of 13.63%. The business’s revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Equities research analysts anticipate that Standard Motor Products will post 2.28 earnings per share for the current year.

In other news, Director Peter J. Sills sold 6,586 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $42.82, for a total transaction of $282,012.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in SMP. Mason Street Advisors LLC boosted its stake in Standard Motor Products by 3.2% in the 4th quarter. Mason Street Advisors LLC now owns 7,039 shares of the auto parts company’s stock worth $375,000 after purchasing an additional 217 shares in the last quarter. First National Bank of Omaha boosted its stake in Standard Motor Products by 1.1% in the 1st quarter. First National Bank of Omaha now owns 25,753 shares of the auto parts company’s stock worth $1,071,000 after purchasing an additional 282 shares in the last quarter. Comerica Bank boosted its stake in Standard Motor Products by 1.4% in the 4th quarter. Comerica Bank now owns 22,854 shares of the auto parts company’s stock worth $1,134,000 after purchasing an additional 310 shares in the last quarter. Anchor Capital Advisors LLC raised its position in Standard Motor Products by 1.7% in the 1st quarter. Anchor Capital Advisors LLC now owns 20,673 shares of the auto parts company’s stock worth $859,000 after buying an additional 343 shares during the last quarter. Finally, Fieldpoint Private Securities LLC raised its position in Standard Motor Products by 75.2% in the 4th quarter. Fieldpoint Private Securities LLC now owns 832 shares of the auto parts company’s stock worth $44,000 after buying an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 80.05% of the company’s stock.

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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