Arrowstreet Capital Limited Partnership Purchases 43,287 Shares of Standard Motor Products, Inc. (NYSE:SMP)

Arrowstreet Capital Limited Partnership increased its position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 474.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,407 shares of the auto parts company's stock after acquiring an additional 43,287 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.24% of Standard Motor Products worth $1,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in Standard Motor Products in the fourth quarter worth $753,000. Geode Capital Management LLC raised its stake in Standard Motor Products by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 485,299 shares of the auto parts company's stock worth $16,115,000 after buying an additional 27,210 shares during the period. State Street Corp lifted its holdings in Standard Motor Products by 2.6% during the third quarter. State Street Corp now owns 783,593 shares of the auto parts company's stock worth $26,015,000 after acquiring an additional 19,652 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Standard Motor Products in the third quarter worth about $3,876,000. Finally, Versor Investments LP acquired a new stake in shares of Standard Motor Products during the fourth quarter worth about $480,000. 81.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Standard Motor Products Stock Up 1.0 %

Standard Motor Products stock traded up $0.23 during mid-day trading on Tuesday, reaching $22.92. The company's stock had a trading volume of 165,432 shares, compared to its average volume of 161,197. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. Standard Motor Products, Inc. has a 12 month low of $21.38 and a 12 month high of $35.92. The business's 50 day simple moving average is $27.12 and its 200 day simple moving average is $30.19. The company has a market capitalization of $501.08 million, a price-to-earnings ratio of 14.15 and a beta of 0.57.

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

Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 5.06%. Standard Motor Products's dividend payout ratio (DPR) is presently 100.81%.

Insider Transactions at Standard Motor Products

In other news, EVP Dale Burks sold 11,005 shares of Standard Motor Products stock in a transaction 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 transaction, the executive vice president now owns 56,860 shares in the company, valued at approximately $1,546,592. This trade represents a 16.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company's stock.

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.