Standard Motor Products, Inc. (NYSE:SMP) VP Thomas Tesoro sold 775 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $44.18, for a total transaction of $34,239.50. Following the transaction, the vice president now owns 31,456 shares of the company’s stock, valued at approximately $1,389,726.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas Tesoro also recently made the following trade(s):

  • On Wednesday, August 2nd, Thomas Tesoro sold 3,950 shares of Standard Motor Products stock. The shares were sold at an average price of $47.91, for a total transaction of $189,244.50.

Shares of Standard Motor Products, Inc. (SMP) traded down 2.24% during trading on Tuesday, reaching $43.67. 155,462 shares of the company’s stock were exchanged. Standard Motor Products, Inc. has a 12 month low of $43.29 and a 12 month high of $55.37. The firm has a market cap of $994.85 million, a price-to-earnings ratio of 16.28 and a beta of 1.80. The stock has a 50-day moving average price of $47.13 and a 200 day moving average price of $48.62.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). The firm had revenue of $281.06 million for the quarter. Standard Motor Products had a net margin of 4.97% and a return on equity of 13.68%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. On average, analysts forecast that Standard Motor Products, Inc. will post $2.67 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.74%. Standard Motor Products’s dividend payout ratio is currently 32.20%.

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Several research firms recently weighed in on SMP. Zacks Investment Research lowered shares of Standard Motor Products from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. BidaskClub lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. FBR & Co restated a “hold” rating and set a $48.00 price target on shares of Standard Motor Products in a research report on Friday. Jefferies Group LLC restated a “buy” rating on shares of Standard Motor Products in a research report on Friday, July 7th. Finally, ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $54.00.

Several institutional investors have recently added to or reduced their stakes in SMP. BlackRock Inc. grew its stake in shares of Standard Motor Products by 65,269.9% during the 1st quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock valued at $122,033,000 after purchasing an additional 2,479,605 shares during the period. FMR LLC grew its stake in shares of Standard Motor Products by 13.0% during the 2nd quarter. FMR LLC now owns 2,013,969 shares of the auto parts company’s stock valued at $105,169,000 after purchasing an additional 231,048 shares during the period. Shell Asset Management Co. bought a new stake in shares of Standard Motor Products during the 3rd quarter valued at about $2,593,000. Royce & Associates LP grew its stake in shares of Standard Motor Products by 3.5% during the 2nd quarter. Royce & Associates LP now owns 2,141,830 shares of the auto parts company’s stock valued at $111,846,000 after purchasing an additional 72,600 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Standard Motor Products by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 1,042,070 shares of the auto parts company’s stock valued at $51,207,000 after purchasing an additional 69,882 shares during the period. Institutional investors and hedge funds own 78.65% of the company’s stock.

Standard Motor Products Company Profile

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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