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.
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