The stock of Standard Motor Products, Inc. (NYSE:SMP) reached all time high today, Nov, 22 and still has $54.44 target or 6.00% above today’s $51.36 share price. This indicates more upside for the $1.18B company. This technical setup was reported by Barchart.com. If the $54.44 PT is reached, the company will be worth $70.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 113,628 shares traded hands or 8.73% up from the average. Standard Motor Products, Inc. (NYSE:SMP) has risen 45.63% since April 20, 2016 and is uptrending. It has outperformed by 41.07% the S&P500.
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. Standard Motor has been the topic of 4 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Jefferies initiated it with “Buy” rating and $43 target price in Tuesday, October 20 report. On Monday, April 18 the stock rating was initiated by Sidoti with “Buy”. The firm has “Buy” rating given on Thursday, August 4 by Jefferies. The firm has “Buy” rating by BB&T Capital given on Thursday, October 15.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.35 in 2016 Q2. Its down 0.37, from 1.72 in 2016Q1. The ratio is negative, 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.
Ubs Asset Mgmt Americas owns 10,813 shares or 0% of their US portfolio. Principal Fincl Group Inc accumulated 145,849 shares or 0.01% of the stock. Moreover, Neuberger Berman Group Incorporated Limited Liability Corp has 0% invested in Standard Motor Products, Inc. (NYSE:SMP) for 7,310 shares. California Employees Retirement last reported 34,300 shares in the company. Teton accumulated 0.44% or 123,200 shares. Swiss Natl Bank accumulated 34,500 shares or 0% of the stock. Paradigm Asset Lc last reported 0% of its portfolio in the stock. Ifrah Financial Incorporated has 5,898 shares for 0.09% of their US portfolio. Profund Advsrs Limited Liability Com reported 5,910 shares or 0.01% of all its holdings. Anchor Advsrs Ltd holds 22,097 shares or 0.02% of its portfolio. Manufacturers Life Ins The has 14,511 shares for 0% of their US portfolio. Ameriprise Fincl has 0% invested in the company for 94,997 shares. Moreover, State Of Tennessee Treasury Department has 0% invested in Standard Motor Products, Inc. (NYSE:SMP) for 15,874 shares. Nationwide Fund Advisors holds 0.01% or 31,674 shares in its portfolio. Victory Mgmt holds 0% or 2,149 shares in its portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 28 insider sales for $2.89 million net activity. 2,394 shares with value of $108,712 were sold by SILLS PETER J on Tuesday, September 20. 10,000 shares were sold by SILLS ARTHUR S, worth $381,000. On Friday, October 7 Tesoro Thomas sold $51,854 worth of the stock or 1,100 shares. $79,968 worth of Standard Motor Products, Inc. (NYSE:SMP) shares were sold by BURKE JAMES J. STURDIVANT FREDERICK D also sold $51,696 worth of Standard Motor Products, Inc. (NYSE:SMP) on Tuesday, August 9. 1,000 Standard Motor Products, Inc. (NYSE:SMP) shares with value of $47,010 were sold by Nicholas Ray. 1,150 shares were sold by SILLS LAWRENCE I, worth $54,085.
More notable recent Standard Motor Products, Inc. (NYSE:SMP) news were published by: Prnewswire.com which released: “Standard Motor Products Releases 269 New Parts for Standard® and Intermotor®” on November 21, 2016, also Prnewswire.com with their article: “Standard Motor Products, Inc. Announces Supply Agreement with PurePower …” published on October 25, 2016, Prnewswire.com published: “Standard Motor Products, Inc. Announces Acquisition of Automotive Ignition …” on May 23, 2016. More interesting news about Standard Motor Products, Inc. (NYSE:SMP) were released by: Prnewswire.com and their article: “Standard Motor Products, Inc. Announces Third Quarter 2016 Earnings Conference …” published on September 19, 2016 as well as Prnewswire.com‘s news article titled: “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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