Standard Motor Products (NYSE:SMP) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Standard Motor Products, Inc. (NYSE:SMP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.99 and traded as high as $40.85. Standard Motor Products shares last traded at $40.43, with a volume of 132,368 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SMP. Wall Street Zen upgraded shares of Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 26th. 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, Weiss Ratings restated a “hold (c)” rating on shares of Standard Motor Products in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Standard Motor Products has an average rating of “Buy”.

Standard Motor Products Trading Up 2.2%

The business has a fifty day moving average of $39.52 and a 200-day moving average of $32.99. The stock has a market capitalization of $889.06 million, a price-to-earnings ratio of 22.97 and a beta of 0.67. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.16 and a quick ratio of 0.87.

Standard Motor Products (NYSE:SMP) last released its earnings results on Tuesday, August 5th. The auto parts company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.32. The firm had revenue of $493.85 million for the quarter, compared to analyst estimates of $450.21 million. Standard Motor Products had a return on equity of 12.98% and a net margin of 2.39%.Standard Motor Products’s revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. On average, equities analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.24 dividend on an annualized basis and a yield of 3.1%. Standard Motor Products’s dividend payout ratio (DPR) is currently 70.45%.

Hedge Funds Weigh In On Standard Motor Products

Institutional investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd purchased a new position in Standard Motor Products in the 1st quarter worth about $225,000. GSA Capital Partners LLP increased its stake in Standard Motor Products by 120.0% in the 1st quarter. GSA Capital Partners LLP now owns 53,904 shares of the auto parts company’s stock worth $1,344,000 after purchasing an additional 29,400 shares in the last quarter. Walleye Capital LLC acquired a new stake in Standard Motor Products during the 1st quarter worth about $305,000. Principal Financial Group Inc. boosted its position in Standard Motor Products by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 111,541 shares of the auto parts company’s stock worth $2,781,000 after acquiring an additional 2,857 shares during the period. Finally, Bailard Inc. acquired a new stake in Standard Motor Products during the 1st quarter worth about $332,000. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Standard Motor Products Company Profile

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.