Ray Nicholas Sells 1,950 Shares of Standard Motor Products (NYSE:SMP) Stock

Standard Motor Products, Inc. (NYSE:SMPGet Free Report) VP Ray Nicholas sold 1,950 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $38.28, for a total transaction of $74,646.00. Following the completion of the transaction, the vice president owned 41,149 shares in the company, valued at approximately $1,575,183.72. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Standard Motor Products Price Performance

Shares of SMP stock traded up $0.83 during trading on Tuesday, hitting $39.39. The company had a trading volume of 116,693 shares, compared to its average volume of 108,730. The company has a quick ratio of 0.78, a current ratio of 2.23 and a debt-to-equity ratio of 0.86. The stock’s 50-day moving average is $37.42 and its two-hundred day moving average is $38.50. The stock has a market capitalization of $876.91 million, a price-to-earnings ratio of 19.21 and a beta of 0.81. Standard Motor Products, Inc. has a 52 week low of $28.85 and a 52 week high of $46.00.

Standard Motor Products (NYSE:SMPGet Free Report) last issued its earnings results on Thursday, April 30th. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.09. The business had revenue of $451.17 million during the quarter, compared to analyst estimates of $429.07 million. Standard Motor Products had a return on equity of 12.98% and a net margin of 2.51%. As a group, analysts predict that Standard Motor Products, Inc. will post 4.4 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.32 annualized dividend and a yield of 3.4%. Standard Motor Products’s dividend payout ratio is currently 64.71%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SMP shares. Zacks Research lowered Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings lowered Standard Motor Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen lowered Standard Motor Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $49.00.

Read Our Latest Stock Report on SMP

Institutional Trading of Standard Motor Products

A number of institutional investors have recently made changes to their positions in SMP. Parallel Advisors LLC boosted 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. Caitong International Asset Management Co. Ltd boosted its stake in shares of Standard Motor Products by 7,560.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,149 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 1,134 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Standard Motor Products by 235.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 1,613 shares during the period. iSAM Funds UK Ltd purchased a new stake in shares of Standard Motor Products during the third quarter valued at approximately $99,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Standard Motor Products during the third quarter valued at approximately $108,000. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Standard Motor Products Company Profile

(Get Free Report)

Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.

The company operates through two primary segments: Engine Management and Temperature Control.

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Insider Buying and Selling by Quarter for Standard Motor Products (NYSE:SMP)

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