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

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 1,180 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $38.30, for a total value of $45,194.00. Following the completion of the transaction, the executive vice president directly owned 60,216 shares in the company, valued at $2,306,272.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was sold at an average price of $38.41, for a total value of $38,486.82.

Standard Motor Products Trading Down 2.1%

Shares of SMP stock opened at $38.14 on Friday. Standard Motor Products, Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $42.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 2.16. The stock has a 50 day simple moving average of $39.61 and a two-hundred day simple moving average of $34.90. The company has a market cap of $838.93 million, a P/E ratio of 21.67 and a beta of 0.68.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data 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 company had revenue of $498.84 million during the quarter, compared to the consensus estimate of $503.33 million. Standard Motor Products had a net margin of 2.39% and a return on equity of 12.98%. Research analysts forecast that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. Standard Motor Products’s payout ratio is 88.57%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Standard Motor Products

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Standard Motor Products by 2.1% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 24,300 shares of the auto parts company’s stock worth $992,000 after purchasing an additional 500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Standard Motor Products by 4.6% during 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 purchasing an additional 546 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Standard Motor Products by 2.0% in the second quarter. SummerHaven Investment Management LLC now owns 29,815 shares of the auto parts company’s stock worth $916,000 after purchasing an additional 587 shares during the period. Legal & General Group Plc increased its holdings in shares of 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 worth $1,683,000 after purchasing an additional 628 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of 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 buying an additional 920 shares in the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

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.