Curbstone Financial Management Corp Boosts Holdings in Standard Motor Products, Inc. (SMP)

Curbstone Financial Management Corp boosted its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 95.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,552 shares of the auto parts company’s stock after buying an additional 7,576 shares during the quarter. Curbstone Financial Management Corp owned approximately 0.07% of Standard Motor Products worth $750,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Standard Motor Products by 65,269.9% during the 1st quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock worth $122,033,000 after buying an additional 2,479,605 shares in the last quarter. Royce & Associates LP lifted its holdings in Standard Motor Products by 3.5% during the 2nd quarter. Royce & Associates LP now owns 2,141,830 shares of the auto parts company’s stock worth $111,846,000 after buying an additional 72,600 shares in the last quarter. FMR LLC lifted its holdings in Standard Motor Products by 13.0% during the 2nd quarter. FMR LLC now owns 2,013,969 shares of the auto parts company’s stock worth $105,169,000 after buying an additional 231,048 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Standard Motor Products by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,616,339 shares of the auto parts company’s stock worth $79,427,000 after buying an additional 15,441 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Standard Motor Products by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,061,767 shares of the auto parts company’s stock worth $55,445,000 after buying an additional 19,697 shares in the last quarter. 78.41% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/18/curbstone-financial-management-corp-boosts-holdings-in-standard-motor-products-inc-smp.html.

In related news, insider Peter J. Sills sold 2,515 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $46.84, for a total value of $117,802.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas Tesoro sold 3,950 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $47.91, for a total transaction of $189,244.50. Following the completion of the transaction, the vice president now owns 29,026 shares in the company, valued at approximately $1,390,635.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,943 shares of company stock worth $4,626,241. 6.60% of the stock is owned by company insiders.

A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating on shares of Standard Motor Products in a research note on Friday, July 7th. BidaskClub raised Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Standard Motor Products has a consensus rating of “Hold” and a consensus price target of $54.00.

Standard Motor Products, Inc. (SMP) traded up 0.97% on Wednesday, hitting $47.82. The stock had a trading volume of 8,661 shares. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.82 and a beta of 1.80. The company’s 50 day moving average is $46.68 and its 200-day moving average is $48.73. Standard Motor Products, Inc. has a 1-year low of $43.29 and a 1-year high of $55.37.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.18). The business had revenue of $312.73 million for the quarter. Standard Motor Products had a return on equity of 14.83% and a net margin

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Standard Motor Products by 65,269.9% during the 1st quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock worth $122,033,000 after buying an additional 2,479,605 shares in the last quarter. Royce & Associates LP lifted its holdings in Standard Motor Products by 3.5% during the 2nd quarter. Royce & Associates LP now owns 2,141,830 shares of the auto parts company’s stock worth $111,846,000 after buying an additional 72,600 shares in the last quarter. FMR LLC lifted its holdings in Standard Motor Products by 13.0% during the 2nd quarter. FMR LLC now owns 2,013,969 shares of the auto parts company’s stock worth $105,169,000 after buying an additional 231,048 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Standard Motor Products by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,616,339 shares of the auto parts company’s stock worth $79,427,000 after buying an additional 15,441 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Standard Motor Products by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,061,767 shares of the auto parts company’s stock worth $55,445,000 after buying an additional 19,697 shares in the last quarter. 78.41% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/18/curbstone-financial-management-corp-boosts-holdings-in-standard-motor-products-inc-smp.html.

In related news, insider Peter J. Sills sold 2,515 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $46.84, for a total value of $117,802.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas Tesoro sold 3,950 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $47.91, for a total transaction of $189,244.50. Following the completion of the transaction, the vice president now owns 29,026 shares in the company, valued at approximately $1,390,635.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,943 shares of company stock worth $4,626,241. 6.60% of the stock is owned by company insiders.

A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating on shares of Standard Motor Products in a research note on Friday, July 7th. BidaskClub raised Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Standard Motor Products has a consensus rating of “Hold” and a consensus price target of $54.00.

Standard Motor Products, Inc. (SMP) traded up 0.97% on Wednesday, hitting $47.82. The stock had a trading volume of 8,661 shares. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.82 and a beta of 1.80. The company’s 50 day moving average is $46.68 and its 200-day moving average is $48.73. Standard Motor Products, Inc. has a 1-year low of $43.29 and a 1-year high of $55.37.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.18). The business had revenue of $312.73 million for the quarter. Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. On average, analysts forecast that Standard Motor Products, Inc. will post $2.87 EPS for the current year.

About Standard Motor Products

Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.

Want to see what other hedge funds are holding SMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Standard Motor Products, Inc. (NYSE:SMP).

Institutional Ownership by Quarter for Standard Motor Products (NYSE:SMP)

Receive News & Ratings for Standard Motor Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Motor Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply