Central Pacific Bank Trust Division Purchases Shares of 2,500 Standard Motor Products, Inc. (NYSE:SMP)

Central Pacific Bank Trust Division purchased a new stake in shares of Standard Motor Products, Inc. (NYSE:SMP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,500 shares of the auto parts company’s stock, valued at approximately $83,000.

Several other institutional investors have also added to or reduced their stakes in SMP. Azarias Capital Management L.P. purchased a new stake in Standard Motor Products during the 2nd quarter valued at $11,197,000. American Century Companies Inc. boosted its position 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 buying an additional 55,327 shares during the period. Vanguard Group Inc. boosted 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 valued at $48,403,000 after buying an additional 49,905 shares during the period. Bank of Montreal Can purchased a new stake in Standard Motor Products during the 2nd quarter valued at $1,029,000. Finally, Empowered Funds LLC raised its holdings in Standard Motor Products by 35.6% in the 1st quarter. Empowered Funds LLC now owns 92,783 shares of the auto parts company’s stock worth $3,113,000 after purchasing an additional 24,364 shares in the last quarter. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Standard Motor Products Trading Up 0.3 %

NYSE SMP traded up $0.09 during trading on Friday, hitting $31.53. The company had a trading volume of 80,666 shares, compared to its average volume of 156,699. The company has a current ratio of 2.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. Standard Motor Products, Inc. has a one year low of $26.09 and a one year high of $41.71. The company has a market cap of $687.83 million, a price-to-earnings ratio of 22.68 and a beta of 0.51. The company’s fifty day moving average is $31.92 and its 200-day moving average is $31.26.

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

Standard Motor Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.29 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.16 annualized dividend and a yield of 3.68%. Standard Motor Products’s dividend payout ratio (DPR) is presently 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.