American Century Companies Inc. Boosts Holdings in Standard Motor Products, Inc. (NYSE:SMP)

American Century Companies Inc. lifted its holdings in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 497,258 shares of the auto parts company's stock after acquiring an additional 86,640 shares during the period. American Century Companies Inc. owned approximately 2.29% of Standard Motor Products worth $15,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Inspire Investing LLC increased its holdings in Standard Motor Products by 3.1% in the fourth quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company's stock worth $400,000 after purchasing an additional 383 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Standard Motor Products by 5.0% during 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 during the period. Farther Finance Advisors LLC increased its stake in shares of Standard Motor Products by 20.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company's stock valued at $82,000 after acquiring an additional 453 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Standard Motor Products by 6.1% during the 4th 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, Versant Capital Management Inc boosted its stake in Standard Motor Products by 147.2% during the fourth quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company's stock worth $32,000 after acquiring an additional 614 shares in the last quarter. Institutional investors own 81.26% of the company's stock.

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Insider Activity at Standard Motor Products

In related news, EVP Dale Burks sold 11,005 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total transaction of $299,336.00. Following the transaction, the executive vice president now directly owns 56,860 shares in the company, valued at approximately $1,546,592. The trade was a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is currently owned by insiders.

Standard Motor Products Stock Down 2.8 %

NYSE:SMP traded down $0.67 on Friday, hitting $23.23. The stock had a trading volume of 99,898 shares, compared to its average volume of 155,534. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. Standard Motor Products, Inc. has a 52 week low of $22.83 and a 52 week high of $35.92. The business's fifty day moving average is $28.67 and its 200 day moving average is $30.89. The company has a market cap of $507.85 million, a PE ratio of 14.38 and a beta of 0.50.

Standard Motor Products (NYSE:SMP - Get Free Report) last posted its earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The company had revenue of $343.35 million for 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%. On average, equities research analysts expect that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 4.99%. Standard Motor Products's dividend payout ratio (DPR) is currently 100.81%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd.

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.