BNP Paribas Financial Markets Raises Holdings in Standard Motor Products, Inc. (NYSE:SMP)

BNP Paribas Financial Markets lifted its holdings in Standard Motor Products, Inc. (NYSE:SMP) by 129.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,721 shares of the auto parts company’s stock after buying an additional 11,114 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Standard Motor Products worth $655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Standard Motor Products during the second quarter valued at $25,000. Gladius Capital Management LP acquired a new stake in shares of Standard Motor Products during the 2nd quarter worth about $30,000. GAMMA Investing LLC grew its holdings in shares of Standard Motor Products by 153.8% during the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after buying an additional 549 shares in the last quarter. FMR LLC raised its position in shares of Standard Motor Products by 64.6% in the third quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock valued at $58,000 after buying an additional 685 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of Standard Motor Products during the third quarter valued at approximately $73,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

Insider Buying and Selling at Standard Motor Products

In other Standard Motor Products news, VP Ray Nicholas sold 4,730 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $34.11, for a total transaction of $161,340.30. Following the completion of the transaction, the vice president now directly owns 46,385 shares of the company’s stock, valued at $1,582,192.35. The trade was a 9.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Carmine Joseph Broccole sold 913 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.96, for a total value of $31,918.48. Following the transaction, the insider now owns 81,241 shares of the company’s stock, valued at approximately $2,840,185.36. This represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,184 shares of company stock worth $387,041 in the last 90 days. 5.00% of the stock is owned by corporate insiders.

Standard Motor Products Stock Down 1.1 %

Shares of NYSE:SMP opened at $33.85 on Friday. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a market cap of $735.29 million, a price-to-earnings ratio of 20.90 and a beta of 0.52. The stock’s 50-day moving average price is $32.35 and its two-hundred day moving average price is $31.21. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. During the same quarter last year, the firm posted $1.11 earnings per share. Standard Motor Products’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Friday, November 15th. Standard Motor Products’s dividend payout ratio is currently 71.60%.

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.