Standard Motor Products (NYSE:SMP) EVP Dale Burks Sells 1,180 Shares

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 1,180 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $38.30, for a total transaction of $45,194.00. Following the completion of the transaction, the executive vice president owned 60,216 shares in the company, valued at $2,306,272.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, November 10th, Dale Burks sold 1,002 shares of Standard Motor Products stock. The shares were sold at an average price of $38.41, for a total transaction of $38,486.82.

Standard Motor Products Trading Down 1.2%

Standard Motor Products stock traded down $0.46 during trading hours on Thursday, reaching $38.49. 12,145 shares of the company’s stock were exchanged, compared to its average volume of 166,234. The firm’s 50 day simple moving average is $39.64 and its 200 day simple moving average is $34.87. Standard Motor Products, Inc. has a twelve month low of $21.38 and a twelve month high of $42.13. The company has a quick ratio of 0.87, a current ratio of 2.16 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $846.63 million, a PE ratio of 21.87 and a beta of 0.68.

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

Standard Motor Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, November 14th. This represents a $1.24 annualized dividend and a yield of 3.2%. Standard Motor Products’s dividend payout ratio is presently 88.57%.

Hedge Funds Weigh In On Standard Motor Products

A number of large investors have recently modified their holdings of SMP. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Standard Motor Products by 2.1% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 acquiring an additional 546 shares during the last quarter. SummerHaven Investment Management LLC grew its position 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 acquiring an additional 587 shares during the last quarter. Legal & General Group Plc lifted its position in Standard Motor Products by 1.2% in the second quarter. Legal & General Group Plc now owns 54,801 shares of the auto parts company’s stock valued at $1,683,000 after purchasing an additional 628 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Standard Motor Products by 4,842.1% during the second quarter. Nisa Investment Advisors LLC now owns 939 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 920 shares during the period. 81.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About Standard Motor Products

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.