Todays Report: The Standard Motor Products Inc. (SMP) Director Peter J. Sills Sold 2,314 Shares

The Standard Motor Products Inc. (SMP) Director Peter J. Sills Sold 2,314 Shares

Standard Motor Products Inc. (NYSE:SMP) Director Peter J. Sills sold 2,314 shares of Standard Motor Products stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $46.99, for a total transaction of $108,734.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Standard Motor Products Inc. (NYSE:SMP) opened at 48.11 on Thursday. The company’s 50-day moving average is $46.06 and its 200-day moving average is $40.35. The firm has a market capitalization of $1.09 billion, a P/E ratio of 20.15 and a beta of 1.77. Standard Motor Products Inc. has a one year low of $29.69 and a one year high of $48.37.

Standard Motor Products (NYSE:SMP) last released its earnings results on Wednesday, August 3rd. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.15. The business earned $289 million during the quarter, compared to the consensus estimate of $277.37 million. Standard Motor Products had a net margin of 5.50% and a return on equity of 14.75%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. Equities analysts forecast that Standard Motor Products Inc. will post $2.83 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. FBR & Co lifted their price objective on shares of Standard Motor Products from $38.00 to $40.00 and gave the company a “mkt perform” rating in a report on Thursday, August 4th. Finally, Jefferies Group lifted their price objective on shares of Standard Motor Products from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.00.

Several institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in Standard Motor Products by 1.2% in the first quarter. BlackRock Fund Advisors now owns 1,240,428 shares of the company’s stock worth $42,981,000 after buying an additional 14,400 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Standard Motor Products by 11.8% in the first quarter. TIAA CREF Investment Management LLC now owns 104,867 shares of the company’s stock worth $3,634,000 after buying an additional 11,103 shares during the last quarter. Prudential Financial Inc. boosted its position in Standard Motor Products by 1.6% in the first quarter. Prudential Financial Inc. now owns 116,587 shares of the company’s stock worth $4,040,000 after buying an additional 1,800 shares during the last quarter. Wellington Management Group LLP boosted its position in Standard Motor Products by 3.8% in the first quarter. Wellington Management Group LLP now owns 594,982 shares of the company’s stock worth $20,615,000 after buying an additional 21,887 shares during the last quarter. Finally, PineBridge Investments L.P. boosted its position in Standard Motor Products by 8.1% in the second quarter. PineBridge Investments L.P. now owns 2,504 shares of the company’s stock worth $100,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 80.04% of the company’s stock.

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