Barclays PLC Grows Stock Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Barclays PLC grew its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 359.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 0.22% of Standard Motor Products worth $1,609,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Standard Motor Products by 153.8% during 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. FMR LLC increased its position in shares of Standard Motor Products by 64.6% during the third quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock valued at $58,000 after buying an additional 685 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of Standard Motor Products in the third quarter worth about $73,000. Central Pacific Bank Trust Division purchased a new stake in shares of Standard Motor Products in the third quarter worth about $83,000. Finally, International Assets Investment Management LLC boosted its position in shares of Standard Motor Products by 3,237.5% in the third quarter. International Assets Investment Management LLC now owns 4,005 shares of the auto parts company’s stock valued at $121,000 after acquiring an additional 3,885 shares during the period. 81.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Standard Motor Products news, insider Carmine Joseph Broccole sold 913 shares of the stock in a transaction that occurred 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 $2,840,185.36. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ray Nicholas sold 4,730 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $34.11, for a total transaction of $161,340.30. Following the completion of the sale, the vice president now directly owns 46,385 shares of the company’s stock, valued at $1,582,192.35. This represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,184 shares of company stock worth $387,041. Insiders own 5.00% of the company’s stock.

Standard Motor Products Stock Performance

Standard Motor Products stock opened at $29.73 on Friday. Standard Motor Products, Inc. has a 1-year low of $26.09 and a 1-year high of $41.71. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $645.80 million, a PE ratio of 18.35 and a beta of 0.52. The firm’s 50 day simple moving average is $32.50 and its 200 day simple moving average is $31.52.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.19. The firm had revenue of $399.27 million for the quarter, compared to analysts’ expectations of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.11 earnings per share. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, November 15th. Standard Motor Products’s payout ratio is 71.60%.

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.