Swiss National Bank Has $1,755,000 Position in Standard Motor Products, Inc. (SMP)

Swiss National Bank held its position in Standard Motor Products, Inc. (NYSE:SMP) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,600 shares of the auto parts company’s stock at the end of the 2nd quarter. Swiss National Bank owned approximately 0.15% of Standard Motor Products worth $1,755,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SMP. BlackRock Inc. grew its holdings in shares of Standard Motor Products by 65,269.9% during the first quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock worth $122,033,000 after buying an additional 2,479,605 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Standard Motor Products by 3.5% during the second quarter. Royce & Associates LP now owns 2,141,830 shares of the auto parts company’s stock worth $111,846,000 after buying an additional 72,600 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Standard Motor Products by 7.2% during the first quarter. Vanguard Group Inc. now owns 1,042,070 shares of the auto parts company’s stock worth $51,207,000 after buying an additional 69,882 shares in the last quarter. Palisade Capital Management LLC NJ purchased a new stake in shares of Standard Motor Products during the second quarter worth $2,896,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Standard Motor Products by 66.9% during the first quarter. Renaissance Technologies LLC now owns 80,300 shares of the auto parts company’s stock worth $3,946,000 after buying an additional 32,200 shares in the last quarter. 78.40% of the stock is owned by institutional investors and hedge funds.

In other Standard Motor Products news, Chairman Lawrence I. Sills sold 5,002 shares of Standard Motor Products stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $44.10, for a total value of $220,588.20. Following the completion of the sale, the chairman now owns 704,696 shares in the company, valued at approximately $31,077,093.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Lawrence I. Sills sold 7,075 shares of Standard Motor Products stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $44.45, for a total value of $314,483.75. Following the completion of the sale, the chairman now owns 704,696 shares of the company’s stock, valued at approximately $31,323,737.20. The disclosure for this sale can be found here. Insiders sold a total of 94,145 shares of company stock valued at $4,205,024 in the last three months. 6.60% of the stock is currently owned by corporate insiders.

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Shares of Standard Motor Products, Inc. (SMP) opened at 48.45 on Friday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 18.06 and a beta of 1.80. Standard Motor Products, Inc. has a one year low of $43.29 and a one year high of $55.37. The company has a 50 day moving average of $46.17 and a 200-day moving average of $48.75.

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

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Standard Motor Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BidaskClub lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating on shares of Standard Motor Products in a report on Friday, July 7th. Finally, ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Standard Motor Products has a consensus rating of “Hold” and an average price target of $54.00.

Standard Motor Products 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.

Institutional Ownership by Quarter for Standard Motor Products (NYSE:SMP)

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