Dimensional Fund Advisors LP Boosts Stake in Standard Motor Products, Inc. (NYSE:SMP)

Dimensional Fund Advisors LP increased its position in Standard Motor Products, Inc. (NYSE:SMP) by 0.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,535,303 shares of the auto parts company’s stock after purchasing an additional 8,070 shares during the period. Dimensional Fund Advisors LP owned 0.07% of Standard Motor Products worth $42,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Azarias Capital Management L.P. purchased a new stake in Standard Motor Products during the 2nd quarter valued at approximately $11,197,000. American Century Companies Inc. raised its stake in Standard Motor Products by 19.5% during the 2nd quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock valued at $9,399,000 after acquiring an additional 55,327 shares during the last quarter. Vanguard Group Inc. raised its stake in Standard Motor Products by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company’s stock valued at $48,403,000 after acquiring an additional 49,905 shares during the last quarter. Empowered Funds LLC raised its stake in Standard Motor Products by 35.6% during the 1st quarter. Empowered Funds LLC now owns 92,783 shares of the auto parts company’s stock valued at $3,113,000 after acquiring an additional 24,364 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. raised its stake in Standard Motor Products by 83.4% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 48,025 shares of the auto parts company’s stock valued at $1,332,000 after acquiring an additional 21,843 shares during the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.

Standard Motor Products Stock Up 0.2 %

SMP opened at $33.19 on Tuesday. The business has a 50 day moving average price of $31.91 and a two-hundred day moving average price of $31.23. The company has a quick ratio of 0.93, a current ratio of 2.46 and a debt-to-equity ratio of 0.31. The company has a market cap of $724.04 million, a PE ratio of 23.88 and a beta of 0.52. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 week high of $41.71.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Thursday, August 1st. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The business had revenue of $389.80 million during the quarter, compared to the consensus estimate of $365.60 million. Standard Motor Products had a return on equity of 9.90% and a net margin of 2.79%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. As a group, research analysts anticipate that Standard Motor Products, Inc. will post 3.01 EPS for the current year.

Standard Motor Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, August 15th. Standard Motor Products’s dividend payout ratio (DPR) is 83.45%.

Standard Motor Products Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.