Standard Motor Products, Inc. (NYSE:SMP) Position Raised by Cwm LLC

Cwm LLC increased its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,944 shares of the auto parts company’s stock after purchasing an additional 833 shares during the period. Cwm LLC owned 0.11% of Standard Motor Products worth $828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. raised its holdings in Standard Motor Products by 83.4% during 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 in the last quarter. Azarias Capital Management L.P. bought a new stake in Standard Motor Products during the second quarter worth approximately $11,197,000. Allspring Global Investments Holdings LLC bought a new stake in Standard Motor Products during the first quarter worth approximately $301,000. Vanguard Group Inc. raised its holdings in Standard Motor Products by 3.6% during the first quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company’s stock worth $48,403,000 after purchasing an additional 49,905 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in Standard Motor Products by 11.8% during the second quarter. Foundry Partners LLC now owns 154,845 shares of the auto parts company’s stock worth $4,294,000 after purchasing an additional 16,325 shares in the last quarter. Institutional investors own 81.26% of the company’s stock.

Standard Motor Products Price Performance

Shares of NYSE:SMP opened at $31.33 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.46 and a quick ratio of 0.93. The stock has a market cap of $680.17 million, a price-to-earnings ratio of 17.90 and a beta of 0.51. Standard Motor Products, Inc. has a 12 month low of $26.09 and a 12 month high of $41.71. The stock’s 50 day moving average price is $31.83 and its 200 day moving average price is $31.13.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results 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. The firm had revenue of $389.80 million for the quarter, compared to analyst estimates of $365.60 million. Standard Motor Products had a net margin of 2.79% and a return on equity of 9.90%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 earnings per share. Equities research analysts anticipate that Standard Motor Products, Inc. will post 3.01 earnings per share for the current fiscal year.

Standard Motor Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.16 annualized dividend and a yield of 3.70%. Standard Motor Products’s dividend payout ratio (DPR) is 66.29%.

About Standard Motor Products

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.