Insider Reported By SEC: Peter Sills, Standard Motor Products, Inc. (NYSE:SMP)’s insider Unloaded 15,000 Shares

November 28, 2016 - By Michael Collier

Insider Reported By SEC: Peter Sills, Standard Motor Products, Inc. (NYSE:SMP)'s insider Unloaded 15,000 Shares

Peter Sills Insider Sell

According to a legal document which was filled with the U.S. Security & Exchange Commission on November 28, 2016, Peter Sills an insider in Standard Motor Products Inc and currently shareholder, sold shares worth $765,174 US Dollars in the firm. He sold 15,000 shares, at average $51.0 per share. He also unloaded 4,545 shares that are worth $217,364 USD in the last month. Currently, Peter Sills owns 1.20 million shares which are roughly 5.34% of Standard Motor Products Inc’s market cap.

Standard Motor Products, Inc. (NYSE:SMP) Ratings Coverage

Out of 3 analysts covering Standard Motor (NYSE:SMP), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $50 is the highest target while $41 is the lowest. The $45.50 average target is -10.64% below today’s ($50.92) stock price. Standard Motor has been the topic of 4 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by BB&T Capital given on Thursday, October 15. Sidoti initiated Standard Motor Products, Inc. (NYSE:SMP) on Monday, April 18 with “Buy” rating. On Tuesday, October 20 the stock rating was initiated by Jefferies with “Buy”. The rating was maintained by Jefferies with “Buy” on Thursday, August 4.

Insitutional Activity: The institutional sentiment decreased to 1.35 in 2016 Q2. Its down 0.37, from 1.72 in 2016Q1. The ratio worsened, as 8 funds sold all Standard Motor Products, Inc. shares owned while 31 reduced positions. 10 funds bought stakes while 57 increased positions. They now own 17.94 million shares or 0.67% more from 17.82 million shares in 2016Q1.

Retail Bank Of Montreal Can last reported 575 shares in the company. The New York-based Metropolitan Life Insurance Co has invested 0% in Standard Motor Products, Inc. (NYSE:SMP). Creative Planning owns 2,213 shares or 0% of their US portfolio. Schroder Inv Grp Inc has 0.03% invested in the company for 387,800 shares. Moreover, Capstone Asset Communications has 0.01% invested in Standard Motor Products, Inc. (NYSE:SMP) for 5,950 shares. Moreover, Anchor Cap Limited Liability has 0.02% invested in Standard Motor Products, Inc. (NYSE:SMP) for 22,097 shares. Legal And General Grp Public Lc has 2,738 shares for 0% of their US portfolio. First Midwest Bancorp Trust Division has 0.05% invested in the company for 10,671 shares. Gamco Incorporated Et Al has invested 0.04% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP). Moreover, Gabelli Funds Ltd has 0.09% invested in Standard Motor Products, Inc. (NYSE:SMP) for 384,000 shares. Delphi Mngmt Inc Ma holds 0.74% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP) for 28,922 shares. Neumeier Poma Counsel Limited Com accumulated 0.39% or 62,375 shares. Moreover, Rhumbline Advisers has 0% invested in Standard Motor Products, Inc. (NYSE:SMP) for 39,148 shares. Citigroup holds 0% of its portfolio in Standard Motor Products, Inc. (NYSE:SMP) for 11,087 shares. Sector Pension Invest Board holds 13,754 shares or 0.01% of its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 insider buys, and 27 sales for $2.51 million net activity. On Friday, October 7 Nicholas Ray sold $47,010 worth of the stock or 1,000 shares. 1,150 Standard Motor Products, Inc. (NYSE:SMP) shares with value of $54,085 were sold by SILLS LAWRENCE I. Shares for $206,873 were sold by BURKE JAMES J. $108,713 worth of Standard Motor Products, Inc. (NYSE:SMP) was sold by SILLS PETER J on Tuesday, October 18. 2,145 shares were sold by GETHIN JOHN P, worth $81,767. Another trade for 1,200 shares valued at $51,696 was sold by STURDIVANT FREDERICK D. The insider Tesoro Thomas sold 1,100 shares worth $51,854.

About 133,007 shares traded hands or 16.63% up from the average. Standard Motor Products, Inc. (NYSE:SMP) has risen 47.35% since April 25, 2016 and is uptrending. It has outperformed by 41.34% the S&P500.

Standard Motor Products, Inc. is a manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a focus on heavy duty, industrial equipment and the original equipment service market. The company has a market cap of $1.18 billion. The Firm operates through two divisions: Engine Management Segment and Temperature Control Segment. It has a 19.71 P/E ratio. The Engine Management Segment makes and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems.

According to Zacks Investment Research, “Standard Motor Products manufactures and distributes replacement parts for motor vehicles. They are now organized into two principal segments, each focused on a specific type of replacement part. The Engine Management Division consists primarily of ignition and emission parts, on-board computers, ignition wires, battery cables and fuel system parts. The Temperature Control Division consists primarily of air conditioning compressors, other air conditioning parts and heater parts.”

Analysts await Standard Motor Products, Inc. (NYSE:SMP) to report earnings on February, 24. They expect $0.56 EPS, up 60.00% or $0.21 from last year’s $0.35 per share. SMP’s profit will be $12.98 million for 22.73 P/E if the $0.56 EPS becomes a reality. After $0.92 actual EPS reported by Standard Motor Products, Inc. for the previous quarter, Wall Street now forecasts -39.13% negative EPS growth.

More important recent Standard Motor Products, Inc. (NYSE:SMP) news were published by: Prnewswire.com which released: “Standard Motor Products, Inc. Announces Winners of “Work Smarter, Not Harder ..” on November 23, 2016, also Prnewswire.com published article titled: “Standard Motor Products, Inc. Announces Supply Agreement with PurePower ..”, Prnewswire.com published: “Standard Motor Products, Inc. Announces Third Quarter 2016 Earnings Conference ..” on September 19, 2016. More interesting news about Standard Motor Products, Inc. (NYSE:SMP) was released by: Prnewswire.com and their article: “Standard Motor Products, Inc. Announces Fourth Quarter and Year End 2015 Results” with publication date: February 26, 2016.

SMP Company Profile

Standard Motor Products, Inc., incorporated in December 30, 1926, is a maker and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a focus on heavy duty, industrial equipment and the original equipment service market. The Firm operates through two divisions: Engine Management Segment and Temperature Control Segment. The Engine Management Segment makes and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems. The Temperature Control Segment makes and remanufactures air conditioning compressors, air conditioning and heating parts, engine cooling system parts, power window accessories, and windshield washer system parts. The Firm sells its products to warehouse distributors, large retail chains, original equipment manufacturers and original equipment service part activities in the United States, Canada, Latin America and Europe.

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