Standard Motor Products, Inc. (NYSE:SMP) VP Thomas Tesoro sold 775 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $44.18, for a total value of $34,239.50. Following the sale, the vice president now owns 31,456 shares of the company’s stock, valued at approximately $1,389,726.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Thomas Tesoro also recently made the following trade(s):
- On Wednesday, August 2nd, Thomas Tesoro sold 3,950 shares of Standard Motor Products stock. The shares were sold at an average price of $47.91, for a total value of $189,244.50.
Standard Motor Products (NYSE:SMP) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). The firm 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 firm’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 firm posted $0.92 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, November 14th. Standard Motor Products’s payout ratio is 32.20%.
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Several research firms have recently commented on SMP. Zacks Investment Research downgraded Standard Motor Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BidaskClub downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a report on Monday, August 7th. FBR & Co restated a “hold” rating and set a $48.00 price objective on shares of Standard Motor Products in a report on Friday, October 27th. Jefferies Group LLC restated a “buy” rating on shares of Standard Motor Products in a report on Friday, July 7th. Finally, ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Standard Motor Products currently has an average rating of “Hold” and a consensus target price of $54.00.
A number of large investors have recently made changes to their positions in SMP. BlackRock Inc. raised its stake in Standard Motor Products by 65,269.9% during the first quarter. BlackRock Inc. now owns 2,483,404 shares of the auto parts company’s stock valued at $122,033,000 after buying an additional 2,479,605 shares during the last quarter. FMR LLC raised its stake in Standard Motor Products by 13.0% during the second quarter. FMR LLC now owns 2,013,969 shares of the auto parts company’s stock valued at $105,169,000 after buying an additional 231,048 shares during the last quarter. Shell Asset Management Co. purchased a new position in Standard Motor Products during the third quarter valued at $2,593,000. Royce & Associates LP raised its stake in Standard Motor Products by 3.5% during the second quarter. Royce & Associates LP now owns 2,141,830 shares of the auto parts company’s stock valued at $111,846,000 after buying an additional 72,600 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Standard Motor Products by 7.2% during the first quarter. Vanguard Group Inc. now owns 1,042,070 shares of the auto parts company’s stock valued at $51,207,000 after buying an additional 69,882 shares during the last quarter. Institutional investors and hedge funds own 78.65% of the company’s stock.
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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