Proficio Capital Partners LLC Buys Shares of 24,319 Standard Motor Products, Inc. (NYSE:SMP)

Proficio Capital Partners LLC purchased a new position in Standard Motor Products, Inc. (NYSE:SMP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,319 shares of the auto parts company’s stock, valued at approximately $753,000. Proficio Capital Partners LLC owned about 0.11% of Standard Motor Products at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SMP. Versant Capital Management Inc lifted its position in shares of Standard Motor Products by 147.2% during the 4th quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company’s stock valued at $32,000 after buying an additional 614 shares in the last quarter. FMR LLC increased its stake 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. Exchange Traded Concepts LLC increased its stake in Standard Motor Products by 5.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,421 shares of the auto parts company’s stock worth $292,000 after buying an additional 446 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in Standard Motor Products by 6.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,467 shares of the auto parts company’s stock valued at $324,000 after acquiring an additional 600 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Standard Motor Products in the third quarter valued at about $382,000. Institutional investors own 81.26% of the company’s stock.

Insider Buying and Selling at Standard Motor Products

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total transaction of $299,336.00. Following the sale, the executive vice president now owns 56,860 shares of the company’s stock, valued at approximately $1,546,592. The trade was a 16.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.00% of the company’s stock.

Standard Motor Products Stock Performance

Standard Motor Products stock opened at $25.71 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. The firm has a market capitalization of $562.16 million, a P/E ratio of 15.87 and a beta of 0.50. Standard Motor Products, Inc. has a 1-year low of $25.66 and a 1-year high of $35.92. The company’s 50-day moving average is $29.72 and its 200 day moving average is $31.31.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. The firm had revenue of $343.35 million during the quarter, compared to analyst estimates of $292.50 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. Research analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 4.51%. Standard Motor Products’s dividend payout ratio is currently 100.81%.

Analyst Ratings Changes

Separately, StockNews.com cut Standard Motor Products from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd.

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.