Standard Motor Products, Inc. (NYSE:SMP) has earned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $54.00.
A number of research analysts recently issued reports on the company. BidaskClub upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Standard Motor Products from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Standard Motor Products in a report on Wednesday, August 9th. FBR & Co reiterated a “hold” rating and issued a $48.00 target price on shares of Standard Motor Products in a report on Friday, October 27th. Finally, ValuEngine lowered Standard Motor Products from a “buy” rating to a “hold” rating in a report on Thursday, August 31st.
Standard Motor Products (NYSE SMP) traded up $0.11 during trading hours on Wednesday, reaching $41.24. The company had a trading volume of 52,600 shares, compared to its average volume of 82,635. The stock has a market capitalization of $930.29, a price-to-earnings ratio of 15.18, a PEG ratio of 2.56 and a beta of 1.80. Standard Motor Products has a 52-week low of $40.77 and a 52-week high of $55.37.
Standard Motor Products (NYSE:SMP) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). The company had revenue of $281.06 million during the quarter. Standard Motor Products had a net margin of 4.97% and a return on equity of 13.68%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. equities research analysts expect that Standard Motor Products will post 2.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, November 14th. Standard Motor Products’s dividend payout ratio (DPR) is 32.20%.
In other Standard Motor Products news, EVP Dale Burks sold 2,170 shares of Standard Motor Products stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $42.64, for a total transaction of $92,528.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carmine Joseph Broccole sold 1,123 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $48.18, for a total value of $54,106.14. The disclosure for this sale can be found here. Insiders have sold a total of 110,362 shares of company stock valued at $4,939,667 over the last ninety days. 6.60% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Standard Motor Products by 65,269.9% in the 1st quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock valued at $122,033,000 after purchasing an additional 2,479,605 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Standard Motor Products by 3.5% in the 2nd quarter. Royce & Associates LP now owns 2,141,830 shares of the auto parts company’s stock valued at $111,846,000 after purchasing an additional 72,600 shares during the last quarter. FMR LLC lifted its holdings in shares of Standard Motor Products by 13.0% in the 2nd quarter. FMR LLC now owns 2,013,969 shares of the auto parts company’s stock valued at $105,169,000 after purchasing an additional 231,048 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Standard Motor Products by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,061,767 shares of the auto parts company’s stock valued at $55,445,000 after purchasing an additional 19,697 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Standard Motor Products by 1.1% in the 2nd quarter. Northern Trust Corp now owns 650,001 shares of the auto parts company’s stock valued at $33,944,000 after purchasing an additional 6,935 shares during the last quarter. 78.84% of the stock is owned by institutional investors and hedge funds.
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Standard Motor Products Company Profile
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.
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