Standard Motor Products, Inc. (NYSE:SMP) VP Ray Nicholas sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $48.35, for a total transaction of $48,350.00. The sale was disclosed in a filing with the SEC, which is available through this link.

Ray Nicholas also recently made the following trade(s):

  • On Monday, September 11th, Ray Nicholas sold 1,331 shares of Standard Motor Products stock. The shares were sold at an average price of $45.25, for a total transaction of $60,227.75.

Standard Motor Products, Inc. (SMP) traded down 1.38% during midday trading on Tuesday, reaching $47.77. 59,030 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $46.30 and its 200-day moving average is $48.75. Standard Motor Products, Inc. has a 12-month low of $43.29 and a 12-month high of $55.37. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.80 and a beta of 1.80.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.99 by ($0.18). The company had revenue of $312.73 million during the quarter. Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. On average, equities analysts forecast that Standard Motor Products, Inc. will post $2.87 earnings per share for the current year.

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SMP has been the subject of several analyst reports. ValuEngine downgraded shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Standard Motor Products from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price target on shares of Standard Motor Products in a research report on Tuesday, September 12th. Finally, BidaskClub downgraded shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.00.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. purchased a new position in shares of Standard Motor Products in the first quarter worth $152,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Standard Motor Products in the second quarter worth $186,000. Victory Capital Management Inc. raised its holdings in shares of Standard Motor Products by 119.1% in the first quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock worth $203,000 after buying an additional 2,242 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Standard Motor Products by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 3,962 shares of the auto parts company’s stock worth $206,000 after buying an additional 1,742 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Standard Motor Products in the second quarter worth $227,000. 78.41% of the stock is owned by institutional investors and hedge funds.

About Standard Motor Products

Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.

Insider Buying and Selling by Quarter for Standard Motor Products (NYSE:SMP)

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