Media headlines about Standard Motor Products (NYSE:SMP) have trended somewhat positive on Thursday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Standard Motor Products earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the auto parts company an impact score of 46.6060912318366 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Standard Motor Products To Award 3 $5,000 Scholarships During Blue Streak ‘Stronger Than Ever’ Automotive Scholarship Contest (aftermarketnews.com)
- Standard Motor Products to Award Three $5,000 Scholarships Durin – KTVN Channel 2 – Reno Tahoe Sparks News, Weather, Video (ktvn.com)
- Magna (MGA) Opens Seat Manufacturing Hub in South Carolina (finance.yahoo.com)
- Standard Motor Rides on Plant Consolidations, Relocations (zacks.com)
NYSE:SMP traded up $0.40 on Thursday, reaching $47.54. The company’s stock had a trading volume of 70,112 shares, compared to its average volume of 115,574. Standard Motor Products has a 12-month low of $40.56 and a 12-month high of $54.73. The company has a market capitalization of $1,046.55, a P/E ratio of 29.44, a P/E/G ratio of 2.30 and a beta of 1.76.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th were issued a dividend of $0.21 per share. This is an increase from Standard Motor Products’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.84 annualized dividend and a yield of 1.77%. Standard Motor Products’s dividend payout ratio is 51.85%.
SMP has been the subject of several recent research reports. Zacks Investment Research raised Standard Motor Products from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Standard Motor Products presently has an average rating of “Hold” and a consensus price target of $55.00.
In other Standard Motor Products news, Director John P. Gethin sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $49.50, for a total transaction of $247,500.00. Following the sale, the director now owns 20,850 shares in the company, valued at approximately $1,032,075. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.60% of the stock is owned by corporate insiders.
About Standard Motor Products
Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. Its Engine Management segment manufactures and distributes engine management replacement parts, including electronic ignition control modules, fuel injectors, remanufactured diesel injectors and pumps, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, various sensors primarily measuring temperature, vehicle systems, electronic throttle bodies, and other engine management components primarily under the Standard, Blue Streak, BWD, Select, Intermotor, OEM, LockSmart, TechSmart, Tech Expert, and GP Sorensen brands.
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