Standard Motor Products, Inc. (NYSE:SMP) Stock Holdings Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 129.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,721 shares of the auto parts company’s stock after purchasing an additional 11,114 shares during the period. BNP Paribas Financial Markets’ holdings in Standard Motor Products were worth $655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in shares of Standard Motor Products by 274.6% during the 3rd quarter. Intech Investment Management LLC now owns 37,119 shares of the auto parts company’s stock worth $1,232,000 after buying an additional 27,210 shares during the period. Rice Hall James & Associates LLC boosted its holdings in Standard Motor Products by 47.1% during the third quarter. Rice Hall James & Associates LLC now owns 99,345 shares of the auto parts company’s stock valued at $3,298,000 after acquiring an additional 31,826 shares during the period. Royce & Associates LP boosted its holdings in Standard Motor Products by 6.0% during the third quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company’s stock valued at $43,027,000 after acquiring an additional 73,476 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Standard Motor Products in the third quarter valued at about $73,000. Finally, Cornercap Investment Counsel Inc. increased its stake in shares of Standard Motor Products by 83.4% in the second quarter. Cornercap Investment Counsel Inc. now owns 48,025 shares of the auto parts company’s stock worth $1,332,000 after purchasing an additional 21,843 shares during the period. 81.26% of the stock is owned by hedge funds and other institutional investors.

Standard Motor Products Stock Down 1.1 %

SMP opened at $33.85 on Friday. The business has a 50 day moving average of $32.35 and a 200-day moving average of $31.21. The stock has a market capitalization of $735.29 million, a price-to-earnings ratio of 20.90 and a beta of 0.52. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. Standard Motor Products, Inc. has a 1-year low of $26.09 and a 1-year high of $41.71.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.19. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The firm had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. During the same period in the previous year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.43%. Standard Motor Products’s payout ratio is presently 71.60%.

Insider Buying and Selling

In other news, insider Carmine Joseph Broccole sold 913 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.96, for a total value of $31,918.48. Following the transaction, the insider now owns 81,241 shares of the company’s stock, valued at $2,840,185.36. This represents a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Nathan R. Iles sold 1,485 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.97, for a total value of $51,930.45. Following the transaction, the chief financial officer now owns 29,015 shares in the company, valued at approximately $1,014,654.55. This trade represents a 4.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,184 shares of company stock worth $387,041 in the last 90 days. 5.00% of the stock is owned by company insiders.

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.