Eric Sills Sells 1,060 Shares of Standard Motor Products, Inc. (SMP) Stock

Standard Motor Products, Inc. (NYSE:SMP) CEO Eric Sills sold 1,060 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $48.59, for a total transaction of $51,505.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Standard Motor Products, Inc. (NYSE SMP) opened at 47.67 on Thursday. The firm has a 50-day moving average of $46.49 and a 200 day moving average of $48.74. Standard Motor Products, Inc. has a 12 month low of $43.29 and a 12 month high of $55.37. The stock has a market cap of $1.09 billion, a PE ratio of 17.77 and a beta of 1.80.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings data 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 business had revenue of $312.73 million during the quarter. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts anticipate that Standard Motor Products, Inc. will post $2.87 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. Curbstone Financial Management Corp increased its position in shares of Standard Motor Products by 95.0% in the third quarter. Curbstone Financial Management Corp now owns 15,552 shares of the auto parts company’s stock worth $750,000 after acquiring an additional 7,576 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Standard Motor Products in the second quarter worth $227,000. Coldstream Capital Management Inc. increased its position in shares of Standard Motor Products by 7.7% in the second quarter. Coldstream Capital Management Inc. now owns 12,833 shares of the auto parts company’s stock worth $670,000 after acquiring an additional 915 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Standard Motor Products by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 16,970 shares of the auto parts company’s stock worth $886,000 after acquiring an additional 80 shares in the last quarter. Finally, State Street Corp increased its position in shares of Standard Motor Products by 2.7% in the second quarter. State Street Corp now owns 497,020 shares of the auto parts company’s stock worth $25,954,000 after acquiring an additional 13,034 shares in the last quarter. 78.41% of the stock is owned by institutional investors.

Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Standard Motor Products from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. BidaskClub cut shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating on shares of Standard Motor Products in a research report on Friday, July 7th. Finally, ValuEngine cut shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $54.00.

About Standard Motor Products

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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