Standard Motor Products, Inc. Buyback
OLI recorded this information on 3/6/2020
Standard Motor Products, Inc.
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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Strong Buy (3.67 out of 4)