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Standard Motor Products, Inc. Buyback

OLI recorded this information on 3/6/2020

Company: Standard Motor Products, Inc.
Buyback: SMP buyback
$Amount Authorized: $20,000,000
Buyback Details: Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, today announced that its Board of Directors has authorized the purchase of up to $20 million of its common stock under a stock repurchase program.

Standard Motor Products is a manufacturer and distributor of replacement parts for the engine management and temperature control systems of motor vehicles in the automotive aftermarket industry with a focus on heavy duty, industrial equipment and the original equipment markets. Co. is organized into two operating segments: Engine Management, which manufactures and distributes a line of components for the ignition, electrical, emissions, fuel and safety-related systems; and Temperature Control, which manufactures and distributes a line of components for the temperature control systems, engine cooling systems, power window accessories and windshield washer systems of motor vehicles.

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Company Name: 
Standard Motor Products, Inc.
Stock buyback: 
SMP buyback
Website: 
www.smpcorp.com
Sector: 
Auto Parts
Number of ETFs Holding SMP: 
49
Total Market Value Held by ETFs: 
$195.01M
Total Market Capitalization: 
$1.03B
% of Market Cap. Held by ETFs: 
19.01%
 

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Strong Buy (3.67 out of 4)
63rd percentile
(ranked higher than approx. 63% of all stocks covered)

Analysts' Target Price:
SMP Stock Forecast

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