Standard Motor Products, Inc. (NYSE:SMP) insider Peter J. Sills sold 2,428 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $48.43, for a total transaction of $117,588.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Standard Motor Products, Inc. (NYSE SMP) opened at 49.09 on Thursday. Standard Motor Products, Inc. has a 52-week low of $43.29 and a 52-week high of $55.37. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.78 and a beta of 1.80. The stock has a 50 day moving average of $45.90 and a 200-day moving average of $48.75.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.18). Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. The business had revenue of $312.73 million for the quarter. During the same quarter in the previous year, the business earned $0.88 EPS. Standard Motor Products’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts predict that Standard Motor Products, Inc. will post $2.87 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Standard Motor Products by 65,269.9% during the 1st quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock valued at $122,033,000 after purchasing an additional 2,479,605 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Standard Motor Products by 3.5% during the 2nd quarter. Royce & Associates LP now owns 2,141,830 shares of the auto parts company’s stock valued at $111,846,000 after purchasing an additional 72,600 shares in the last quarter. FMR LLC lifted its holdings in shares of Standard Motor Products by 13.0% during the 2nd quarter. FMR LLC now owns 2,013,969 shares of the auto parts company’s stock valued at $105,169,000 after purchasing an additional 231,048 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Standard Motor Products by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,616,339 shares of the auto parts company’s stock valued at $79,427,000 after purchasing an additional 15,441 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Standard Motor Products by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,061,767 shares of the auto parts company’s stock valued at $55,445,000 after purchasing an additional 19,697 shares in the last quarter. Institutional investors and hedge funds own 78.40% of the company’s stock.

SMP has been the subject of a number of analyst reports. ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Zacks Investment Research raised shares of Standard Motor Products from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of Standard Motor Products in a research note on Tuesday, September 12th. Finally, BidaskClub lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus 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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