Peter J. Sills Sells 2,584 Shares of Standard Motor Products, Inc. (SMP) Stock

Standard Motor Products, Inc. (NYSE:SMP) insider Peter J. Sills sold 2,584 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $45.60, for a total value of $117,830.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.18). The business had revenue of $312.73 million during the quarter. Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Friday, August 11th. Standard Motor Products’s dividend payout ratio (DPR) is 28.36%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMP. BlackRock Inc. grew its holdings in Standard Motor Products by 65,269.9% in the first quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock worth $122,033,000 after purchasing an additional 2,479,605 shares during the last quarter. FMR LLC grew its holdings in Standard Motor Products by 13.0% in the second quarter. FMR LLC now owns 2,013,969 shares of the auto parts company’s stock worth $105,169,000 after purchasing an additional 231,048 shares during the last quarter. Neumeier Poma Investment Counsel LLC grew its holdings in Standard Motor Products by 16.1% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 551,545 shares of the auto parts company’s stock worth $27,103,000 after purchasing an additional 76,665 shares during the last quarter. Royce & Associates LP grew its holdings in Standard Motor Products by 3.5% in the second quarter. Royce & Associates LP now owns 2,141,830 shares of the auto parts company’s stock worth $111,846,000 after purchasing an additional 72,600 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Standard Motor Products by 7.2% in the first quarter. Vanguard Group Inc. now owns 1,042,070 shares of the auto parts company’s stock worth $51,207,000 after purchasing an additional 69,882 shares during the last quarter. 78.40% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Standard Motor Products from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. BidaskClub downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Jefferies Group LLC restated a “buy” rating on shares of Standard Motor Products in a research note on Friday, July 7th. Finally, ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Standard Motor Products has a consensus rating of “Hold” and a consensus target price of $55.67.

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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