Stock Buybacks
By The Online Investor Staff, updated Sun., May. 20, 10:59 PM
| This Slide: #3 of 25 |
Slide #3. Standard Motor Products, Inc.
Company:
Standard Motor Products, Inc. (NYSE:SMP)
$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 motor vehicles in the automotive aftermarket industry. Co.'s Engine Management segment manufactures and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems. Co.'s 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. Co.'s sells its products primarily to warehouse distributors, retail chains, original equipment manufacturers and original equipment service part operations.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 35th percentile
(ranked lower than approx. 65% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
