Standard Motor Products Inc (SMP): John P Gethin , director of Standard Motor Products Inc sold 2,145 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $38.12 per share for a total value of $81,767.40 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Arthur S Sills (other) sold 10,000 shares at $38.10 per share price.On Nov 4, 2015, Frederick D Sturdivant (director) sold 1,500 shares at $44.16 per share price.Also, On Nov 4, 2015, Ray Nicholas (VP IT & CIO) sold 1,756 shares at $44.01 per share price.On Nov 4, 2015, Dale Burks (VP Global Sales & Marketing) sold 2,056 shares at $44.04 per share price.
Shares of Standard Motor Products (SMP) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -0.36% at $38.63 with 51,315 shares getting traded. Post opening the session at $38.49, the shares hit an intraday low of $38.27 and an intraday high of $38.84 and the price vacillated in this range throughout the day. The company has a market cap of $877 M and the number of outstanding shares has been calculated to be 2,26,96,385 shares. The 52-week high of Standard Motor Products is $45.72 and the 52-week low is $29.69.
Company has been under the radar of several Street Analysts.Standard Motor Products is Initiated by Sidoti to Buy and the brokerage firm has set the Price Target at $44. The Rating was issued on Apr 18, 2016.
Standard Motor Products Inc. is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry. The Company is organized into two operating segments each of which focuses on specific lines of replacement parts. The Companys Engine Management Segment manufactures ignition and emission parts ignition wires battery cables fuel system parts and sensors for vehicle systems. The Companys Temperature Control Segment manufactures and remanufactures air conditioning compressors air conditioning and heating parts engine cooling system parts power window accessories and windshield washer system parts. The Company sells its products to warehouse distributors large retail chains original equipment manufacturers and original equipment service part operations in the United States Canada Latin America and Europe.