American Century Companies Inc. Buys 55,327 Shares of Standard Motor Products, Inc. (NYSE:SMP)

American Century Companies Inc. increased its holdings in shares of Standard Motor Products, Inc. (NYSE:SMP) by 19.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,931 shares of the auto parts company’s stock after acquiring an additional 55,327 shares during the period. American Century Companies Inc. owned about 1.55% of Standard Motor Products worth $9,399,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Standard Motor Products by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,492,360 shares of the auto parts company’s stock worth $59,411,000 after acquiring an additional 31,688 shares during the last quarter. Vanguard Group Inc. grew its position 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 worth $48,403,000 after acquiring an additional 49,905 shares during the last quarter. Azarias Capital Management L.P. bought a new stake in Standard Motor Products during the 2nd quarter worth approximately $11,197,000. Charles Schwab Investment Management Inc. grew its position in Standard Motor Products by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 361,255 shares of the auto parts company’s stock worth $14,382,000 after acquiring an additional 13,101 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Standard Motor Products by 1.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 306,300 shares of the auto parts company’s stock worth $10,276,000 after acquiring an additional 3,900 shares during the last quarter. 81.26% of the stock is currently owned by institutional investors.

Standard Motor Products Stock Down 0.8 %

NYSE SMP opened at $34.09 on Monday. The firm has a market cap of $743.67 million, a PE ratio of 24.53 and a beta of 0.52. Standard Motor Products, Inc. has a one year low of $26.09 and a one year high of $41.71. The stock’s 50 day simple moving average is $31.71 and its 200 day simple moving average is $31.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.46 and a quick ratio of 0.93.

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

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.40%. The ex-dividend date was Thursday, August 15th. Standard Motor Products’s dividend payout ratio is 83.45%.

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.