Trading Report: Today, Standard Motor Products Inc. (SMP) VP Thomas Tesoro Sold 383 Shares

Today, Standard Motor Products Inc. (SMP) VP Thomas Tesoro Sold 383 Shares

Standard Motor Products Inc. (NYSE:SMP) VP Thomas Tesoro sold 383 shares of the firm’s stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $47.70, for a total transaction of $18,269.10. Following the transaction, the vice president now directly owns 29,476 shares in the company, valued at approximately $1,406,005.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Thomas Tesoro also recently made the following trade(s): On Monday, October 10th, Thomas Tesoro sold 1,100 shares of Standard Motor Products stock. The shares were sold at an average price of $47.14, for a total transaction of $51,854.00. On Monday, August 8th, Thomas Tesoro sold 1,000 shares of Standard Motor Products stock. The shares were sold at an average price of $43.19, for a total transaction of $43,190.00.

Standard Motor Products Inc. (NYSE:SMP) opened at 47.68 on Monday. The stock has a market cap of $1.08 billion, a P/E ratio of 19.97 and a beta of 1.77. The stock has a 50 day moving average of $46.26 and a 200-day moving average of $40.50. Standard Motor Products Inc. has a 12 month low of $29.69 and a 12 month high of $48.37.

Standard Motor Products (NYSE:SMP) last posted its earnings results on Wednesday, August 3rd. The company reported $0.88 EPS for the quarter, beating the Zacks’ 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 company had revenue of $289 million for the quarter, compared to analysts’ expectations of $277.37 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Standard Motor Products’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts forecast that Standard Motor Products Inc. will post $2.83 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SMP. 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. 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. BlackRock Institutional Trust Company N.A. boosted its position in Standard Motor Products by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 509,314 shares of the company’s stock worth $17,648,000 after buying an additional 3,428 shares during the last quarter. Finally, Zebra Capital Management LLC boosted its position in Standard Motor Products by 47.2% in the first quarter. Zebra Capital Management LLC now owns 21,923 shares of the company’s stock worth $760,000 after buying an additional 7,025 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

A number of research firms have commented on SMP. 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 research report on Thursday, August 4th. Zacks Investment Research raised 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 research report on Friday, August 5th. Finally, 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 research report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $46.00.

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