Standard Motor Products (NYSE:SMP) Raised to “Buy” at StockNews.com

Standard Motor Products (NYSE:SMPGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, TheStreet lowered Standard Motor Products from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd.

View Our Latest Analysis on Standard Motor Products

Standard Motor Products Price Performance

Standard Motor Products stock opened at $33.54 on Friday. Standard Motor Products has a one year low of $30.09 and a one year high of $41.71. The business has a fifty day moving average price of $36.10 and a 200-day moving average price of $35.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.45 and a quick ratio of 0.78. The firm has a market capitalization of $735.20 million, a P/E ratio of 21.78 and a beta of 0.60.

Standard Motor Products (NYSE:SMPGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.25). Standard Motor Products had a return on equity of 10.09% and a net margin of 2.51%. The company had revenue of $290.76 million during the quarter, compared to the consensus estimate of $313.84 million. As a group, equities research analysts forecast that Standard Motor Products will post 3.03 EPS for the current year.

Institutional Investors Weigh In On Standard Motor Products

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Standard Motor Products by 1.2% during the second quarter. BlackRock Inc. now owns 3,307,078 shares of the auto parts company’s stock valued at $124,082,000 after purchasing an additional 38,118 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Standard Motor Products by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,492,360 shares of the auto parts company’s stock valued at $59,411,000 after purchasing an additional 31,688 shares in the last quarter. Vanguard Group Inc. raised its position in Standard Motor Products by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 1,392,807 shares of the auto parts company’s stock valued at $55,448,000 after purchasing an additional 49,198 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Standard Motor Products during the fourth quarter valued at about $38,215,000. Finally, State Street Corp raised its position in Standard Motor Products by 1.2% during the first quarter. State Street Corp now owns 826,442 shares of the auto parts company’s stock valued at $30,504,000 after purchasing an additional 9,445 shares in the last quarter. Institutional investors own 81.26% of the company’s stock.

About Standard Motor Products

(Get Free Report)

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.

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