Standard Motor Products, Inc. (NYSE:SMP) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its holdings in Standard Motor Products, Inc. (NYSE:SMP) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,143 shares of the auto parts company’s stock after selling 403 shares during the period. The Manufacturers Life Insurance Company’s holdings in Standard Motor Products were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SMP. GAMMA Investing LLC increased its stake in shares of Standard Motor Products by 153.8% in the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 549 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Standard Motor Products by 6.4% in the third quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company’s stock valued at $332,000 after buying an additional 600 shares during the period. US Bancorp DE increased its holdings in Standard Motor Products by 7.7% in the third quarter. US Bancorp DE now owns 8,533 shares of the auto parts company’s stock valued at $283,000 after purchasing an additional 608 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Standard Motor Products by 4.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,198 shares of the auto parts company’s stock worth $538,000 after acquiring an additional 624 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Standard Motor Products by 6.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,760 shares of the auto parts company’s stock valued at $390,000 after buying an additional 745 shares in the last quarter. 81.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Standard Motor Products

In other Standard Motor Products news, VP Ray Nicholas sold 4,730 shares of Standard Motor Products stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $34.11, for a total value of $161,340.30. Following the completion of the sale, the vice president now owns 46,385 shares in the company, valued at $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 is available through the SEC website. Also, insider Carmine Joseph Broccole sold 913 shares of Standard Motor Products stock in a transaction 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 completion of the transaction, the insider now directly owns 81,241 shares of the company’s stock, valued at $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. In the last three months, insiders sold 11,184 shares of company stock worth $387,041. 5.00% of the stock is owned by company insiders.

Standard Motor Products Price Performance

Shares of SMP opened at $33.29 on Tuesday. The stock has a 50 day simple moving average of $32.43 and a 200 day simple moving average of $31.27. Standard Motor Products, Inc. has a 52-week low of $26.09 and a 52-week high of $41.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The firm has a market capitalization of $723.13 million, a PE ratio of 20.55 and a beta of 0.52.

Standard Motor Products (NYSE:SMP) last released its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The business had revenue of $399.27 million during the quarter, compared to the consensus estimate of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 earnings per share. Sell-side analysts predict that Standard Motor Products, Inc. will post 3.08 EPS 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 3.48%. Standard Motor Products’s dividend payout ratio (DPR) 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.