Key Points
- Insider sale: VP Ray Nicholas sold 9,093 shares at an average price of $38.01 for $345,624.93, cutting his stake by 18.3% to 40,609 shares valued at about $1.54 million.
- Recent results and market context: Standard Motor Products reported quarterly EPS of $1.36 versus $1.14 expected (a beat) though revenue was $498.8M slightly below estimates; shares opened at $38.09, have a 1-year range of $21.38–$42.13, and a market cap of roughly $838M with a PE of 27.21.
- Dividend and analyst view: The company pays a $0.31 quarterly dividend ($1.24 annual, ~3.3% yield) with an 88.6% payout ratio, while analysts’ consensus is a "Buy" with an average $49 price target and ~81% institutional ownership.
Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) VP Ray Nicholas sold 9,093 shares of the firm's stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $38.01, for a total transaction of $345,624.93. Following the sale, the vice president directly owned 40,609 shares of the company's stock, valued at approximately $1,543,548.09. The trade was a 18.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Ray Nicholas also recently made the following trade(s):
- On Tuesday, November 11th, Ray Nicholas sold 457 shares of Standard Motor Products stock. The stock was sold at an average price of $38.36, for a total transaction of $17,530.52.
- On Monday, November 10th, Ray Nicholas sold 128 shares of Standard Motor Products stock. The shares were sold at an average price of $38.19, for a total transaction of $4,888.32.
Standard Motor Products Stock Down 1.1%
Shares of Standard Motor Products stock opened at $38.09 on Friday. Standard Motor Products, Inc. has a 1-year low of $21.38 and a 1-year high of $42.13. The company has a market capitalization of $837.96 million, a PE ratio of 27.21 and a beta of 0.72. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.96 and a quick ratio of 0.77. The business has a 50-day moving average of $38.35 and a 200-day moving average of $36.19.
Standard Motor Products (NYSE:SMP - Get Free Report) last released its quarterly earnings results on Friday, October 31st. The auto parts company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.14 by $0.22. The business had revenue of $498.84 million for the quarter, compared to analysts' expectations of $503.33 million. Standard Motor Products had a return on equity of 13.15% and a net margin of 1.79%. As a group, equities analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.
Standard Motor Products Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, November 14th. Standard Motor Products's dividend payout ratio is presently 88.57%.
Hedge Funds Weigh In On Standard Motor Products
Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in Standard Motor Products by 4,842.1% in the second quarter. Nisa Investment Advisors LLC now owns 939 shares of the auto parts company's stock worth $29,000 after purchasing an additional 920 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Standard Motor Products by 188.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,295 shares of the auto parts company's stock worth $57,000 after buying an additional 1,499 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Standard Motor Products by 235.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the auto parts company's stock worth $71,000 after buying an additional 1,613 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Standard Motor Products in the 3rd quarter valued at about $99,000. Finally, Quantbot Technologies LP bought a new stake in shares of Standard Motor Products during the 3rd quarter valued at about $108,000. 81.26% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SMP. Weiss Ratings reissued a "hold (c)" rating on shares of Standard Motor Products in a research report on Monday. Zacks Research upgraded shares of Standard Motor Products from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. Finally, Roth Capital reissued a "buy" rating and set a $49.00 price objective on shares of Standard Motor Products in a report on Monday, November 3rd. One equities research 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 company. According to MarketBeat, Standard Motor Products currently has an average rating of "Buy" and an average price target of $49.00.
View Our Latest Report on SMP
About Standard Motor Products
(
Get Free Report)
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.
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