Standard Motor Products (NYSE:SMP) EVP Dale Burks Sells 2,020 Shares of Stock

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 2,020 shares of the company’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $44.14, for a total value of $89,162.80. Following the transaction, the executive vice president directly owned 47,044 shares in the company, valued at $2,076,522.16. This represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, August 19th, Dale Burks sold 5,798 shares of Standard Motor Products stock. The stock was sold at an average price of $39.00, for a total value of $226,122.00.
• On Tuesday, August 18th, Dale Burks sold 3,500 shares of Standard Motor Products stock. The shares were sold at an average price of $38.76, for a total value of $135,660.00.
• On Friday, August 14th, Dale Burks sold 9,051 shares of Standard Motor Products stock. The stock was sold at an average price of $38.71, for a total transaction of $350,364.21.

Standard Motor Products Price Performance

Shares of NYSE SMP opened at $44.00 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 1.81. Standard Motor Products, Inc. has a one year low of $34.27 and a one year high of $47.27. The firm has a market capitalization of $982.96 million, a P/E ratio of 14.43 and a beta of 0.80. The company’s fifty day moving average is $39.04 and its two-hundred day moving average is $38.84.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Friday, October 30th. The auto parts company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.13. The business had revenue of $512.90 million during the quarter, compared to the consensus estimate of $514.99 million. Standard Motor Products had a net margin of 3.77% and a return on equity of 13.65%. Analysts forecast that Standard Motor Products, Inc. will post 4.30 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, November 16th. Standard Motor Products’s dividend payout ratio is presently 43.28%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SMP shares. Roth Capital reaffirmed a “buy” rating and issued a $54.00 target price on shares of Standard Motor Products in a report on Monday, November 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Standard Motor Products in a report on Monday, October 26th. Finally, Wall Street Zen raised shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Standard Motor Products has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Institutional Trading of Standard Motor Products

Several large investors have recently added to or reduced their stakes in SMP. Public Employees Retirement System of Ohio acquired a new stake in Standard Motor Products in the second quarter valued at approximately $35,000. Parallel Advisors LLC raised its stake in shares of Standard Motor Products by 76.7% during the first quarter. Parallel Advisors LLC now owns 949 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 412 shares during the period. Tompkins Financial Corp acquired a new position in shares of Standard Motor Products during the third quarter worth $37,000. Versant Capital Management Inc boosted its stake in shares of Standard Motor Products by 89.1% in the third quarter. Versant Capital Management Inc now owns 1,159 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 546 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Standard Motor Products by 24.6% in the third quarter. Nisa Investment Advisors LLC now owns 2,195 shares of the auto parts company’s stock valued at $81,000 after purchasing an additional 433 shares during the last quarter. 81.26% of the stock is currently owned by institutional investors and hedge funds.

Standard Motor Products Company Profile

Standard Motor Products, Inc. (NYSE: SMP) designs, manufactures and distributes replacement parts for the automotive aftermarket, along with components for original equipment manufacturers. Founded in 1919, the company has a long history in the vehicle-parts industry. Its products include ignition, fuel, emissions, engine-management and temperature-control parts, as well as switches, sensors and related electrical components. The company sells products under brands including Standard and Blue Streak.