Standard Motor Products, Inc. (NYSE:SMP) Insider Sells $36,480.00 in Stock
Standard Motor Products, Inc. (New York Stock Exchange: SMP – Get a rating) insider Thomas Tesoro sold 960 shares of the company in a transaction dated Thursday, November 10. The stock was sold at an average price of $38.00, for a total transaction of $36,480.00. Following the sale, the insider now directly owns 18,566 shares of the company, valued at $705,508. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link.
Thomas Tesoro also recently made the following trade(s):
- On Monday, September 26, Thomas Tesoro sold 1,516 shares of Standard Motor Products. The stock was sold at an average price of $32.08, for a total transaction of $48,633.28.
Standard Automotive Product Inventory Performance
SMP traded at $0.28 during midday trading on Monday, reaching $40.49. The company had a trading volume of 2,802 shares, compared to an average volume of 111,317. The company has a leverage ratio of 0.35, a quick ratio of 0.79 and a current ratio of 2.22. The stock has a market capitalization of $873.37 million, a PE ratio of 13.70 and a beta of 0.51. Standard Motor Products, Inc. has a 12-month low of $31.61 and a 12-month high of $55.09. The company has a 50-day moving average price of $35.27 and a two-hundred-day moving average price of $39.43.
Standard Motor Products Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1. Shareholders of record on Tuesday, November 15 will receive a dividend of $0.27. This represents a dividend of $1.08 on an annualized basis and a yield of 2.67%. The ex-dividend date is Monday, November 14. Standard Motor Products’ payout rate is 36.49%.
Changes to analyst ratings
Several research analysts have recently weighed in on SMP shares. TheStreet reduced shares of Standard Motor Products from a “b-” rating to a “c+” rating in a Thursday, September 8 report. MKM Partners cut its price target on shares of Standard Motor Products from $57.00 to $47.00 in a Tuesday, October 18 report. To finish, StockNews.com cut shares of Standard Motor Products from a “buy” rating to a “hold” rating in a Wednesday, Oct. 5 report.
Institutional trade in standard automotive products
A number of institutional investors have recently shifted their SMP holdings. Polaris Capital Management LLC increased its stake in shares of Standard Motor Products by 2,125.9% during the 2nd quarter. Polaris Capital Management LLC now owns 487,483 shares of the auto parts company valued at $14,785,000 after buying an additional 465,583 shares last quarter. First Trust Advisors LP increased its stake in shares of Standard Motor Products by 627.3% during the 1st quarter. First Trust Advisors LP now owns 228,804 shares of the auto parts company valued at $9,871,000 after buying an additional 197,346 shares last quarter. Victory Capital Management Inc. increased its stake in shares of Standard Motor Products by 85.3% during the 1st quarter. Victory Capital Management Inc. now owns 321,599 shares of the auto parts company valued at $13,728,000 after buying an additional 148,075 shares last quarter. Keeley Teton Advisors LLC increased its stake in Standard Motor Products shares by 645.1% during Q3. Keeley Teton Advisors LLC now owns 123,919 shares of the auto parts company valued at $4,027,000 after buying an additional 107,288 shares last quarter. Finally, Kestrel Investment Management Corp bought a new stake in shares of Standard Motor Products during Q3 valued at around $3,195,000. 77.93% of the shares are currently held by hedge funds and other institutional investors.
Standard Automotive Products Company Profile
Standard Motor Products, Inc. manufactures and distributes replacement parts that are used in the maintenance, repair and servicing of vehicles in the automotive aftermarket industry with a complementary focus on automotive equipment parts. specialized sources for manufacturers in the agriculture, heavy equipment and construction equipment industries.
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