Standard Motor Products, Inc. (NYSE:SMP) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,266 shares of the auto parts company’s stock after acquiring an additional 9,665 shares during the quarter. AQR Capital Management LLC owned 0.66% of Standard Motor Products worth $4,000,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Standard Motor Products during the 2nd quarter worth $25,000. Gladius Capital Management LP purchased a new position in shares of Standard Motor Products in the second quarter valued at $30,000. Russell Investments Group Ltd. acquired a new stake in Standard Motor Products in the 1st quarter valued at about $205,000. SageView Advisory Group LLC purchased a new stake in shares of Standard Motor Products in the first quarter valued at about $222,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Standard Motor Products by 7.6% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,994 shares of the auto parts company’s stock worth $235,000 after purchasing an additional 495 shares during the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Trading Up 0.3 %

Shares of SMP stock opened at $31.53 on Friday. The firm has a 50-day moving average price of $31.92 and a 200 day moving average price of $31.25. The company has a current ratio of 2.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $684.52 million, a price-to-earnings ratio of 22.68 and a beta of 0.51. Standard Motor Products, Inc. has a twelve month low of $26.09 and a twelve month high of $41.71.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The company had revenue of $389.80 million for the quarter, compared to analyst estimates of $365.60 million. Standard Motor Products had a return on equity of 9.90% and a net margin of 2.79%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 EPS. Research analysts forecast 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 3.68%. The ex-dividend date of this dividend was Thursday, August 15th. Standard Motor Products’s dividend payout ratio (DPR) is 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.