Cwm LLC increased its position in shares of Standard Motor Products, Inc. (NYSE:SMP – Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,944 shares of the auto parts company’s stock after purchasing an additional 833 shares during the period. Cwm LLC owned 0.11% of Standard Motor Products worth $828,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. raised its holdings in Standard Motor Products by 83.4% during the second quarter. Cornercap Investment Counsel Inc. now owns 48,025 shares of the auto parts company’s stock worth $1,332,000 after purchasing an additional 21,843 shares in the last quarter. Azarias Capital Management L.P. bought a new stake in Standard Motor Products during the second quarter worth approximately $11,197,000. Allspring Global Investments Holdings LLC bought a new stake in Standard Motor Products during the first quarter worth approximately $301,000. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 49,905 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in Standard Motor Products by 11.8% during the second quarter. Foundry Partners LLC now owns 154,845 shares of the auto parts company’s stock worth $4,294,000 after purchasing an additional 16,325 shares in the last quarter. Institutional investors own 81.26% of the company’s stock.
Standard Motor Products Price Performance
Shares of NYSE:SMP opened at $31.33 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.46 and a quick ratio of 0.93. The stock has a market cap of $680.17 million, a price-to-earnings ratio of 17.90 and a beta of 0.51. Standard Motor Products, Inc. has a 12 month low of $26.09 and a 12 month high of $41.71. The stock’s 50 day moving average price is $31.83 and its 200 day moving average price is $31.13.
Standard Motor Products Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.16 annualized dividend and a yield of 3.70%. Standard Motor Products’s dividend payout ratio (DPR) is 66.29%.
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.
Read More
- Five stocks we like better than Standard Motor Products
- The 3 Best Retail Stocks to Shop for in August
- Survey Reveals: America’s Most Coveted Businesses in 2024
- Stock Average Calculator
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Analysts See Growth in CrowdStrike Stock Despite July Setback
Receive News & Ratings for Standard Motor Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Motor Products and related companies with MarketBeat.com's FREE daily email newsletter.