Standard Motor Products Inc (SMP): Ray Nicholas , VP IT & CIO of Standard Motor Products Inc sold 1,931 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 15, 2016 to the Securities and Exchange Commission. The shares were sold at $37.42 per share for a total value of $72,258.02 , 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 9, 2016, John P Gethin (director) sold 2,145 shares at $38.12 per share price.On Jun 1, 2016, Arthur S Sills (other) sold 10,000 shares at $38.10 per share price.Also, On Nov 4, 2015, Frederick D Sturdivant (director) sold 1,500 shares at $44.16 per share price.On Nov 4, 2015, Ray Nicholas (VP IT & CIO) sold 1,756 shares at $44.01 per share price.
Standard Motor Products: On Tuesday, Jun 14, 2016 heightened volatility was witnessed in Standard Motor Products which led to swings in the share price. The shares opened for trading at $36.97 and hit $37.8 on the upside , eventually ending the session at $37.63, with a gain of 1.16% or 0.43 points. The heightened volatility saw the trading volume jump to 57,560 shares. The 52-week high of the share price is $45.72 and the company has a market cap of $854 M . The 52-week low of the share price is at $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.