Standard Motor Products (NYSE:SMP) EVP Dale Burks Sells 1,002 Shares

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 1,002 shares of Standard Motor Products stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $38.41, for a total transaction of $38,486.82. Following the completion of the transaction, the executive vice president directly owned 61,396 shares in the company, valued at approximately $2,358,220.36. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dale Burks also recently made the following trade(s):

• On Tuesday, November 11th, Dale Burks sold 1,180 shares of Standard Motor Products stock. The shares were sold at an average price of $38.30, for a total transaction of $45,194.00.

Standard Motor Products Stock Up 3.1%

Shares of NYSE SMP traded up $1.18 during mid-day trading on Wednesday, reaching $39.59. The company had a trading volume of 62,668 shares, compared to its average volume of 166,553. The stock has a fifty day moving average of $39.65 and a two-hundred day moving average of $34.84. Standard Motor Products, Inc. has a 12-month low of $21.38 and a 12-month high of $42.13. The company has a market capitalization of $870.83 million, a price-to-earnings ratio of 22.49 and a beta of 0.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 2.16.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Friday, October 31st. The auto parts company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.22. Standard Motor Products had a net margin of 2.39% and a return on equity of 12.98%. The company had revenue of $498.84 million during the quarter, compared to analyst estimates of $503.33 million. As a group, equities research analysts expect that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.1%. Standard Motor Products’s payout ratio is currently 88.57%.

Institutional Investors Weigh In On Standard Motor Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC grew its position in Standard Motor Products by 2.1% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 24,300 shares of the auto parts company’s stock worth $992,000 after acquiring an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Standard Motor Products by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the auto parts company’s stock valued at $310,000 after purchasing an additional 546 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Standard Motor Products by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,815 shares of the auto parts company’s stock worth $916,000 after purchasing an additional 587 shares during the period. Legal & General Group Plc raised its stake in shares of Standard Motor Products by 1.2% during the second quarter. Legal & General Group Plc now owns 54,801 shares of the auto parts company’s stock worth $1,683,000 after purchasing an additional 628 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Standard Motor Products by 4,842.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 939 shares of the auto parts company’s stock valued at $29,000 after buying an additional 920 shares during the period. 81.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SMP shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Standard Motor Products in a research note on Thursday, October 30th. Zacks Research raised Standard Motor Products from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Roth Capital restated a “buy” rating and issued a $49.00 price target on shares of Standard Motor Products in a report on Monday, November 3rd. Finally, Wall Street Zen raised Standard Motor Products from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $49.00.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.