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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