Standard Motor Products, Inc. (NYSE:SMP) Director Peter J. Sills sold 6,205 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $50.48, for a total value of $313,228.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NYSE:SMP opened at $50.37 on Monday. Standard Motor Products, Inc. has a 1-year low of $42.03 and a 1-year high of $55.85. The business’s 50-day moving average price is $51.09 and its two-hundred day moving average price is $46.93. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.49 and a beta of 1.01.
Standard Motor Products (NYSE:SMP) last released its earnings results on Wednesday, October 30th. The auto parts company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.10. Standard Motor Products had a return on equity of 14.40% and a net margin of 4.35%. The firm had revenue of $307.70 million for the quarter, compared to analyst estimates of $311.11 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts predict that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new stake in shares of Standard Motor Products in the third quarter worth about $41,000. Quantamental Technologies LLC bought a new stake in shares of Standard Motor Products in the second quarter worth about $68,000. Bank of Montreal Can increased its holdings in shares of Standard Motor Products by 131.0% in the second quarter. Bank of Montreal Can now owns 2,938 shares of the auto parts company’s stock worth $133,000 after acquiring an additional 1,666 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Standard Motor Products in the second quarter worth about $222,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Standard Motor Products by 29.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,660 shares of the auto parts company’s stock worth $347,000 after acquiring an additional 1,740 shares in the last quarter. 79.00% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered Standard Motor Products from a “buy” rating to a “sell” rating and set a $56.00 target price on the stock. in a research note on Monday, November 4th.
Standard Motor Products Company Profile
Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.
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