The 900 Shares of Standard Motor Products Inc. (SMP) Stock are sold by Dale Burks

The 900 Shares of Standard Motor Products Inc. (SMP) Stock are sold by Dale Burks

Standard Motor Products Inc. (NYSE:SMP) EVP Dale Burks sold 900 shares of the stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $47.06, for a total transaction of $42,354.00. Following the sale, the executive vice president now owns 42,452 shares in the company, valued at approximately $1,997,791.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Standard Motor Products Inc. (NYSE:SMP) opened at 47.28 on Friday. Standard Motor Products Inc. has a 52-week low of $29.69 and a 52-week high of $48.37. The company has a market capitalization of $1.07 billion, a P/E ratio of 19.80 and a beta of 1.77. The firm has a 50-day moving average of $46.16 and a 200 day moving average of $40.40.

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

Several brokerages recently issued reports on SMP. Zacks Investment Research upgraded shares of Standard Motor Products from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a report on Friday, August 5th. FBR & Co raised their target price on shares of Standard Motor Products from $38.00 to $40.00 and gave the stock a “mkt perform” rating in a report on Thursday, August 4th. Finally, Jefferies Group raised their target price on shares of Standard Motor Products from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $45.00.

Large investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. purchased a new position in Standard Motor Products during the third quarter valued at approximately $9,024,000. Creative Planning raised its position in Standard Motor Products by 15.2% in the third quarter. Creative Planning now owns 2,550 shares of the company’s stock valued at $122,000 after buying an additional 337 shares during the period. Park National Corp OH purchased a new position in Standard Motor Products during the third quarter valued at approximately $213,000. Macquarie Group Ltd. raised its position in Standard Motor Products by 3.2% in the second quarter. Macquarie Group Ltd. now owns 821,480 shares of the company’s stock valued at $32,678,000 after buying an additional 25,310 shares during the period. Finally, Mason Street Advisors LLC purchased a new position in Standard Motor Products during the second quarter valued at approximately $154,000. Institutional investors and hedge funds own 80.04% of the company’s stock.

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