Standard Motor Products, Inc. (NYSE:SMP) Shares Purchased by State Street Corp

State Street Corp raised its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 2.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 783,593 shares of the auto parts company’s stock after buying an additional 19,652 shares during the period. State Street Corp’s holdings in Standard Motor Products were worth $26,015,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Standard Motor Products by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,535,303 shares of the auto parts company’s stock valued at $42,574,000 after acquiring an additional 8,070 shares during the last quarter. Royce & Associates LP lifted its holdings in Standard Motor Products by 6.0% in the 3rd quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company’s stock valued at $43,027,000 after purchasing an additional 73,476 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of 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 worth $9,399,000 after purchasing an additional 55,327 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Standard Motor Products by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 271,823 shares of the auto parts company’s stock worth $7,538,000 after buying an additional 4,391 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Standard Motor Products by 0.5% in the third quarter. HighTower Advisors LLC now owns 192,227 shares of the auto parts company’s stock valued at $6,339,000 after buying an additional 958 shares during the last quarter. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Standard Motor Products Stock Performance

Shares of SMP opened at $30.72 on Monday. Standard Motor Products, Inc. has a 1 year low of $26.09 and a 1 year high of $41.71. The company’s 50 day simple moving average is $32.48 and its 200 day simple moving average is $31.30. The company has a market capitalization of $667.30 million, a price-to-earnings ratio of 18.96 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25.

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 for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. The company had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 EPS. On average, sell-side analysts predict that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date was Friday, November 15th. Standard Motor Products’s payout ratio is 71.60%.

Insider Buying and Selling at Standard Motor Products

In related 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 directly owns 81,241 shares of the company’s stock, valued at approximately $2,840,185.36. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Ray Nicholas sold 4,730 shares of Standard Motor Products stock in a transaction on Monday, December 9th. The shares were sold at an average price of $34.11, for a total value of $161,340.30. Following the completion of the transaction, the vice president now owns 46,385 shares in the company, valued at $1,582,192.35. The trade was a 9.25 % 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 Company 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.