New York State Teachers Retirement System Sells 2,237 Shares of Standard Motor Products, Inc. (NYSE:SMP)

New York State Teachers Retirement System decreased its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,284 shares of the auto parts company’s stock after selling 2,237 shares during the period. New York State Teachers Retirement System owned approximately 0.16% of Standard Motor Products worth $1,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Azarias Capital Management L.P. bought a new position in shares of Standard Motor Products in the second quarter worth about $11,197,000. American Century Companies Inc. grew its stake in shares of Standard Motor Products by 19.5% during the second quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock worth $9,399,000 after acquiring an additional 55,327 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 49,905 shares during the last quarter. Bank of Montreal Can purchased a new position in Standard Motor Products during the 2nd quarter worth approximately $1,029,000. Finally, Empowered Funds LLC boosted its holdings in Standard Motor Products by 35.6% in the first quarter. Empowered Funds LLC now owns 92,783 shares of the auto parts company’s stock valued at $3,113,000 after purchasing an additional 24,364 shares during the last quarter. Institutional investors own 81.26% of the company’s stock.

Standard Motor Products Trading Up 0.1 %

Shares of NYSE:SMP opened at $34.98 on Friday. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71. The company has a market capitalization of $759.84 million, a PE ratio of 21.59 and a beta of 0.51. The business has a 50 day moving average of $32.02 and a two-hundred day moving average of $30.98. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The company had revenue of $399.27 million for the quarter, compared to analysts’ expectations of $396.10 million. During the same period in the previous year, the firm posted $1.11 EPS. Standard Motor Products’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Standard Motor Products, Inc. will post 3.03 EPS for the current year.

Standard Motor Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products’s payout ratio is currently 71.60%.

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.