19,782 Shares in Standard Motor Products, Inc. (NYSE:SMP) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in Standard Motor Products, Inc. (NYSE:SMP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,782 shares of the auto parts company's stock, valued at approximately $613,000. Dark Forest Capital Management LP owned 0.09% of Standard Motor Products at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Standard Motor Products in the 4th quarter valued at approximately $753,000. Geode Capital Management LLC increased its position in shares of Standard Motor Products by 5.9% during the third quarter. Geode Capital Management LLC now owns 485,299 shares of the auto parts company's stock worth $16,115,000 after acquiring an additional 27,210 shares in the last quarter. Foundry Partners LLC raised its holdings in shares of Standard Motor Products by 22.4% during the fourth quarter. Foundry Partners LLC now owns 202,152 shares of the auto parts company's stock worth $6,263,000 after acquiring an additional 36,947 shares during the period. Franklin Resources Inc. bought a new stake in Standard Motor Products in the 3rd quarter valued at $3,876,000. Finally, Versor Investments LP acquired a new position in Standard Motor Products in the 4th quarter worth $480,000. 81.26% of the stock is currently owned by institutional investors.

Insider Activity

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total value of $299,336.00. Following the sale, the executive vice president now owns 56,860 shares in the company, valued at $1,546,592. This represents a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Standard Motor Products Stock Up 1.8 %

Shares of NYSE SMP traded up $0.43 during midday trading on Tuesday, reaching $24.37. The company's stock had a trading volume of 276,869 shares, compared to its average volume of 164,591. Standard Motor Products, Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $35.92. The stock has a 50 day simple moving average of $25.69 and a 200-day simple moving average of $29.64. The stock has a market capitalization of $554.22 million, a price-to-earnings ratio of 15.04 and a beta of 0.57. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The company had revenue of $343.35 million during the quarter, compared to the consensus estimate of $292.50 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. Equities research analysts predict that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Friday, February 14th. Standard Motor Products's dividend payout ratio is currently 100.81%.

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.