Standard Motor Products, Inc. (NYSE:SMP) SVP Carmine Joseph Broccole sold 707 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $49.17, for a total value of $34,763.19. Following the completion of the transaction, the senior vice president now directly owns 59,928 shares of the company’s stock, valued at approximately $2,946,659.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE:SMP traded up $0.42 during trading hours on Tuesday, reaching $50.31. 57,984 shares of the stock were exchanged, compared to its average volume of 81,810. The company has a quick ratio of 0.58, a current ratio of 1.54 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $47.45 and a 200-day simple moving average of $46.87. Standard Motor Products, Inc. has a 52 week low of $42.03 and a 52 week high of $56.54. The stock has a market capitalization of $1.10 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.44 and a beta of 1.03.
Standard Motor Products (NYSE:SMP) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.12. Standard Motor Products had a return on equity of 13.71% and a net margin of 4.48%. The company had revenue of $305.17 million for the quarter, compared to the consensus estimate of $302.47 million. During the same quarter last year, the business posted $0.74 EPS. Standard Motor Products’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Standard Motor Products, Inc. will post 3.11 earnings per share for the current year.
Separately, Zacks Investment Research downgraded Standard Motor Products from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a report on Monday, July 29th.
A number of large investors have recently added to or reduced their stakes in SMP. Envestnet Asset Management Inc. boosted its position in shares of Standard Motor Products by 13.4% in the third quarter. Envestnet Asset Management Inc. now owns 65,367 shares of the auto parts company’s stock worth $3,174,000 after buying an additional 7,749 shares during the period. Tributary Capital Management LLC boosted its position in shares of Standard Motor Products by 15.5% in the third quarter. Tributary Capital Management LLC now owns 425,148 shares of the auto parts company’s stock worth $20,641,000 after buying an additional 56,965 shares during the period. Alpha Windward LLC acquired a new stake in shares of Standard Motor Products in the third quarter worth $457,000. State of Alaska Department of Revenue boosted its position in shares of Standard Motor Products by 125.6% in the third quarter. State of Alaska Department of Revenue now owns 15,437 shares of the auto parts company’s stock worth $749,000 after buying an additional 8,595 shares during the period. Finally, Neumeier Poma Investment Counsel LLC boosted its position in shares of Standard Motor Products by 12.1% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 459,940 shares of the auto parts company’s stock worth $20,854,000 after buying an additional 49,800 shares during the period. 78.84% of the stock is currently owned by institutional investors.
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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