Standard Motor Products, Inc. (NYSE:SMP) Holdings Lifted by Barclays PLC

Barclays PLC increased its holdings in Standard Motor Products, Inc. (NYSE:SMP) by 359.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,522 shares of the auto parts company’s stock after acquiring an additional 37,971 shares during the period. Barclays PLC owned about 0.22% of Standard Motor Products worth $1,609,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SMP. GAMMA Investing LLC increased its holdings in shares of Standard Motor Products by 153.8% in the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 549 shares during the period. Louisiana State Employees Retirement System grew its position in Standard Motor Products by 6.4% during 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 purchasing an additional 600 shares in the last quarter. US Bancorp DE grew its position in Standard Motor Products by 7.7% during 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 in the last quarter. Thrivent Financial for Lutherans increased its stake in Standard Motor Products by 4.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,198 shares of the auto parts company’s stock valued at $538,000 after buying an additional 624 shares during the period. Finally, FMR LLC lifted its position in Standard Motor Products by 64.6% in the 3rd 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. 81.26% of the stock is currently owned by institutional investors and hedge funds.

Standard Motor Products Trading Down 1.2 %

Standard Motor Products stock opened at $31.01 on Friday. Standard Motor Products, Inc. has a 12 month low of $26.09 and a 12 month high of $41.71. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $673.60 million, a P/E ratio of 19.14 and a beta of 0.52. The company’s fifty day simple moving average is $32.45 and its 200-day simple moving average is $31.32.

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

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 3.74%. Standard Motor Products’s dividend payout ratio is currently 71.60%.

Insider Activity at Standard Motor Products

In other Standard Motor Products news, CEO Eric Sills sold 1,721 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.97, for a total value of $60,183.37. Following the completion of the sale, the chief executive officer now owns 175,651 shares of the company’s stock, valued at $6,142,515.47. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nathan R. Iles sold 1,485 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total value of $51,930.45. Following the transaction, the chief financial officer now directly owns 29,015 shares in the company, valued at approximately $1,014,654.55. This represents a 4.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,184 shares of company stock valued at $387,041. 5.00% of the stock is currently owned by corporate insiders.

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.