Standard Motor Products, Inc. (NYSE:SMP) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 26.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 331,078 shares of the auto parts company's stock after buying an additional 69,717 shares during the quarter. Bank of New York Mellon Corp owned about 1.52% of Standard Motor Products worth $10,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SMP. Royce & Associates LP grew its stake in shares of Standard Motor Products by 6.0% during the 3rd quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company's stock valued at $43,027,000 after buying an additional 73,476 shares during the period. State Street Corp grew its position 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 valued at $26,015,000 after acquiring an additional 19,652 shares during the period. Geode Capital Management LLC increased its stake in 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 during the last quarter. HighTower Advisors LLC raised its holdings in shares of Standard Motor Products by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 192,227 shares of the auto parts company's stock worth $6,339,000 after purchasing an additional 958 shares during the period. Finally, Foundry Partners LLC lifted its stake in shares of Standard Motor Products by 6.7% in the 3rd quarter. Foundry Partners LLC now owns 165,205 shares of the auto parts company's stock valued at $5,485,000 after purchasing an additional 10,360 shares in the last quarter. 81.26% of the stock is owned by institutional investors and hedge funds.

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Standard Motor Products Stock Down 1.4 %

Shares of NYSE SMP traded down $0.37 on Monday, hitting $26.18. The company had a trading volume of 177,437 shares, compared to its average volume of 144,346. The firm has a market capitalization of $572.24 million, a P/E ratio of 16.16 and a beta of 0.50. 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 12-month low of $25.68 and a 12-month high of $35.92. The business has a 50 day moving average of $30.14 and a two-hundred day moving average of $31.51.

Standard Motor Products (NYSE:SMP - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research analysts forecast that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products's dividend payout ratio (DPR) is 100.81%.

Analyst Upgrades and Downgrades

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.

Insiders Place Their Bets

In other news, EVP Dale Burks sold 11,005 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total transaction of $299,336.00. Following the completion of the transaction, the executive vice president now directly owns 56,860 shares in the company, valued at approximately $1,546,592. This represents a 16.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by company insiders.

Standard Motor Products 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.