Exchange Traded Concepts LLC Cuts Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Exchange Traded Concepts LLC lowered its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 23.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,975 shares of the auto parts company’s stock after selling 2,807 shares during the period. Exchange Traded Concepts LLC’s holdings in Standard Motor Products were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Illinois Municipal Retirement Fund lifted its stake in shares of Standard Motor Products by 3.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 10,807 shares of the auto parts company’s stock worth $363,000 after purchasing an additional 328 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Standard Motor Products by 7.6% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,994 shares of the auto parts company’s stock valued at $235,000 after buying an additional 495 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Standard Motor Products by 153.8% in the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock valued at $30,000 after buying an additional 549 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Standard Motor Products by 3.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,396 shares of the auto parts company’s stock worth $618,000 after buying an additional 634 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Standard Motor Products by 3.5% during the 3rd quarter. CWM LLC now owns 24,944 shares of the auto parts company’s stock worth $828,000 after acquiring an additional 833 shares in the last quarter. Institutional investors own 81.26% of the company’s stock.

Standard Motor Products Trading Down 0.9 %

NYSE:SMP opened at $31.33 on Monday. The stock has a market capitalization of $683.46 million, a price-to-earnings ratio of 22.54 and a beta of 0.51. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 week high of $41.71. The company has a quick ratio of 0.93, a current ratio of 2.46 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $31.86 and a 200 day moving average of $31.10.

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, beating 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 during the quarter, compared to analyst estimates of $365.60 million. During the same quarter in the prior year, the business posted $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 anticipate that Standard Motor Products, Inc. will post 3.01 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

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