Standard Motor Products (NYSE:SMP) VP Sells $55,786.71 in Stock

Standard Motor Products, Inc. (NYSE:SMP) VP Ray Nicholas sold 1,263 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $44.17, for a total value of $55,786.71. Following the completion of the sale, the vice president directly owned 35,166 shares of the company’s stock, valued at $1,553,282.22. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Standard Motor Products Stock Up 0.3%

NYSE:SMP traded up $0.13 on Friday, hitting $44.08. The stock had a trading volume of 98,570 shares, compared to its average volume of 161,384. The business’s fifty day moving average is $39.12 and its 200 day moving average is $38.86. The company has a market cap of $984.75 million, a PE ratio of 14.45 and a beta of 0.80. The company has a quick ratio of 0.73, a current ratio of 1.81 and a debt-to-equity ratio of 0.56. Standard Motor Products, Inc. has a 52 week low of $34.27 and a 52 week high of $47.27.

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

Standard Motor Products Dividend Announcement

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

Hedge Funds Weigh In On Standard Motor Products

Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Standard Motor Products during the second quarter valued at approximately $35,000. Parallel Advisors LLC boosted its position in Standard Motor Products by 76.7% in the first quarter. Parallel Advisors LLC now owns 949 shares of the auto parts company’s stock worth $33,000 after purchasing an additional 412 shares during the last quarter. Tompkins Financial Corp purchased a new position in Standard Motor Products in the third quarter worth $37,000. Versant Capital Management Inc boosted its position in 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 worth $43,000 after purchasing an additional 546 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Standard Motor Products by 24.6% in the 3rd 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 period. Institutional investors own 81.26% of the company’s stock.

Analyst Ratings Changes

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

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.