JPMorgan Chase & Co. Trims Stock Holdings in Standard Motor Products, Inc. (NYSE:SMP)

JPMorgan Chase & Co. decreased its holdings in Standard Motor Products, Inc. (NYSE:SMP) by 49.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,107 shares of the auto parts company’s stock after selling 41,872 shares during the period. JPMorgan Chase & Co. owned 0.20% of Standard Motor Products worth $1,431,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SMP. Franklin Resources Inc. bought a new position in shares of Standard Motor Products in the third quarter valued at approximately $3,876,000. Royce & Associates LP boosted its position in shares of Standard Motor Products by 6.0% in the third quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company’s stock valued at $43,027,000 after acquiring an additional 73,476 shares during the period. Barclays PLC boosted its position in shares of Standard Motor Products by 359.9% in the third quarter. Barclays PLC now owns 48,522 shares of the auto parts company’s stock valued at $1,609,000 after acquiring an additional 37,971 shares during the period. Bank of Montreal Can bought a new position in shares of Standard Motor Products in the second quarter valued at approximately $1,029,000. Finally, Rice Hall James & Associates LLC lifted its position in Standard Motor Products by 47.1% during the third quarter. Rice Hall James & Associates LLC now owns 99,345 shares of the auto parts company’s stock valued at $3,298,000 after purchasing an additional 31,826 shares during the last quarter. 81.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Standard Motor Products news, VP Ray Nicholas sold 4,730 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $1,582,192.35. The trade was a 9.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carmine Joseph Broccole sold 913 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.96, for a total transaction of $31,918.48. Following the transaction, the insider now directly owns 81,241 shares in the company, valued at approximately $2,840,185.36. The trade was a 1.11 % 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 three months. 5.00% of the stock is owned by company insiders.

Standard Motor Products Trading Up 0.3 %

Shares of Standard Motor Products stock opened at $31.21 on Friday. Standard Motor Products, Inc. has a 1 year low of $26.09 and a 1 year high of $41.71. The firm has a market cap of $677.84 million, a PE ratio of 19.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. The company has a 50 day simple moving average of $31.93 and a two-hundred day simple moving average of $31.73.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.19. The business had revenue of $399.27 million during the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. Standard Motor Products’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share. Analysts expect that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Friday, November 15th. Standard Motor Products’s payout ratio is 71.61%.

Standard Motor Products Company 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.