Standard Motor Products, Inc. (NYSE:SMP) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Standard Motor Products, Inc. (NYSE:SMP) by 21.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,272 shares of the auto parts company’s stock after buying an additional 7,678 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Standard Motor Products worth $1,470,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake 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 valued at $30,000 after acquiring an additional 549 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Standard Motor Products during the 2nd quarter worth about $25,000. FMR LLC grew its holdings in shares of Standard Motor Products by 64.6% during the third quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock worth $58,000 after buying an additional 685 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Standard Motor Products in the third quarter valued at approximately $73,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Standard Motor Products during the third quarter worth approximately $83,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Stock Down 0.7 %

SMP stock opened at $33.29 on Tuesday. Standard Motor Products, Inc. has a one year low of $26.09 and a one year high of $41.71. The stock has a market capitalization of $723.13 million, a P/E ratio of 20.55 and a beta of 0.52. The company has a 50 day moving average price of $32.43 and a two-hundred day moving average price of $31.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25.

Standard Motor Products (NYSE:SMP) last released its 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. The firm had revenue of $399.27 million during the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 earnings per share. As a group, sell-side analysts expect that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Friday, November 15th. Standard Motor Products’s dividend payout ratio (DPR) is 71.60%.

Insiders Place Their Bets

In related news, insider Carmine Joseph Broccole sold 913 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 in the company, valued at approximately $2,840,185.36. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ray Nicholas sold 4,730 shares of Standard Motor Products stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $34.11, for a total transaction of $161,340.30. Following the transaction, the vice president now directly owns 46,385 shares in the company, valued at approximately $1,582,192.35. This trade represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,184 shares of company stock valued at $387,041 over the last quarter. Company insiders own 5.00% of the company’s stock.

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.