Standard Motor Products, Inc. (NYSE:SMP) VP Ray Nicholas sold 1,000 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $43.65, for a total value of $43,650.00. Following the completion of the transaction, the vice president now owns 35,125 shares of the company’s stock, valued at $1,533,206.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Ray Nicholas also recently made the following trade(s):
- On Friday, August 3rd, Ray Nicholas sold 1,281 shares of Standard Motor Products stock. The stock was sold at an average price of $48.04, for a total value of $61,539.24.
Shares of SMP opened at $44.67 on Thursday. Standard Motor Products, Inc. has a 1 year low of $40.56 and a 1 year high of $52.29. The stock has a market cap of $1.10 billion, a PE ratio of 15.78, a P/E/G ratio of 2.36 and a beta of 1.66.
Standard Motor Products (NYSE:SMP) last issued its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.05). Standard Motor Products had a return on equity of 12.38% and a net margin of 2.66%. The company had revenue of $286.64 million for the quarter. During the same period last year, the business earned $0.81 EPS. Standard Motor Products’s revenue was down 8.3% compared to the same quarter last year. On average, research analysts predict that Standard Motor Products, Inc. will post 2.61 EPS for the current fiscal year.
SMP has been the subject of a number of analyst reports. ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Zacks Investment Research upgraded Standard Motor Products from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, CL King downgraded Standard Motor Products from a “buy” rating to a “neutral” rating in a research report on Monday, July 9th. Five equities research analysts have rated the stock with a hold rating, Standard Motor Products currently has a consensus rating of “Hold” and a consensus target price of $52.50.
Hedge funds have recently modified their holdings of the business. US Bancorp DE increased its holdings in Standard Motor Products by 121.9% in the second quarter. US Bancorp DE now owns 2,135 shares of the auto parts company’s stock worth $104,000 after purchasing an additional 1,173 shares in the last quarter. Bruderman Asset Management LLC bought a new stake in Standard Motor Products in the second quarter worth approximately $125,000. Dubuque Bank & Trust Co. bought a new stake in Standard Motor Products in the second quarter worth approximately $148,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Standard Motor Products in the second quarter worth approximately $207,000. Finally, Itau Unibanco Holding S.A. bought a new stake in Standard Motor Products in the second quarter worth approximately $209,000. Institutional investors and hedge funds own 83.30% 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. Its Engine Management segment manufactures and distributes engine management replacement parts, including electronic ignition control modules, fuel injectors, remanufactured diesel injectors and pumps, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, various sensors primarily measuring temperature, vehicle systems, electronic throttle bodies, and other engine management components primarily under the Standard, Blue Streak, BWD, Select, Intermotor, OEM, LockSmart, TechSmart, Tech Expert, and GP Sorensen brands.
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