Trade Report: The 1,150 Shares of Standard Motor Products Inc. (SMP) Stock are sold by Lawrence I. Sills

The 1,150 Shares of Standard Motor Products Inc. (SMP) Stock are sold by Lawrence I. Sills

Standard Motor Products Inc. (NYSE:SMP) insider Lawrence I. Sills sold 1,150 shares of the firm’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $47.03, for a total transaction of $54,084.50. Following the completion of the transaction, the insider now directly owns 742,921 shares in the company, valued at $34,939,574.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Standard Motor Products Inc. (NYSE:SMP) opened at 47.28 on Friday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 19.80 and a beta of 1.77. The company’s 50 day moving average is $46.16 and its 200 day moving average is $40.40. 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 quarterly earnings data on Wednesday, August 3rd. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.15. The business had revenue of $289 million for 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 was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Equities research analysts predict that Standard Motor Products Inc. will post $2.83 earnings per share for the current year.

Several equities analysts have commented on SMP shares. Jefferies Group raised their target price 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. Zacks Investment Research lowered shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Finally, FBR & Co raised their target price 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Standard Motor Products currently has a consensus rating of “Buy” and a consensus target price of $45.00.

A number of large investors have recently added to or reduced their stakes in the stock. Monarch Partners Asset Management LLC increased its stake in Standard Motor Products by 2.7% in the second quarter. Monarch Partners Asset Management LLC now owns 6,581 shares of the company’s stock valued at $262,000 after buying an additional 170 shares during the period. First Midwest Bank Trust Division increased its stake in Standard Motor Products by 47.2% in the second quarter. First Midwest Bank Trust Division now owns 10,671 shares of the company’s stock valued at $424,000 after buying an additional 3,424 shares during the period. Capstone Asset Management Co. increased its stake in Standard Motor Products by 1.9% in the second quarter. Capstone Asset Management Co. now owns 5,950 shares of the company’s stock valued at $237,000 after buying an additional 110 shares during the period. Curbstone Financial Management Corp increased its stake in Standard Motor Products by 4.4% in the second quarter. Curbstone Financial Management Corp now owns 16,552 shares of the company’s stock valued at $658,000 after buying an additional 700 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Standard Motor Products by 96.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,504 shares of the company’s stock valued at $259,000 after buying an additional 3,185 shares during the period. 80.04% of the stock is currently owned by institutional investors and hedge funds.

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