Barclays PLC Has $1.61 Million Position in Standard Motor Products, Inc. (NYSE:SMP)

Barclays PLC raised its position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 359.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,522 shares of the auto parts company's stock after purchasing an additional 37,971 shares during the period. Barclays PLC owned approximately 0.22% of Standard Motor Products worth $1,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of 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 in the last quarter. State Street Corp raised its stake 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. Readystate Asset Management LP bought a new position in shares of Standard Motor Products in the third quarter worth about $649,000. HighTower Advisors LLC boosted its stake 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 valued at $6,339,000 after purchasing an additional 958 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Standard Motor Products by 21.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,272 shares of the auto parts company's stock valued at $1,470,000 after purchasing an additional 7,678 shares in the last quarter. 81.26% of the stock is currently owned by institutional investors.

Insider Transactions at Standard Motor Products

In other news, insider Carmine Joseph Broccole sold 913 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.96, for a total transaction of $31,918.48. Following the completion of the transaction, the insider now directly owns 81,241 shares in the company, valued at $2,840,185.36. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ray Nicholas sold 4,730 shares of Standard Motor Products stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $34.11, for a total value of $161,340.30. Following the completion of the transaction, the vice president now directly owns 46,385 shares in the company, valued at approximately $1,582,192.35. This represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,184 shares of company stock worth $387,041. Insiders own 5.00% of the company's stock.

Standard Motor Products Price Performance

SMP stock traded down $0.62 during trading on Friday, reaching $29.73. 97,095 shares of the company were exchanged, compared to its average volume of 93,399. The company has a market capitalization of $645.80 million, a price-to-earnings ratio of 18.35 and a beta of 0.52. 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 company has a 50-day moving average of $32.50 and a two-hundred day moving average of $31.55. Standard Motor Products, Inc. has a twelve month low of $26.09 and a twelve month high of $41.71.

Standard Motor Products (NYSE:SMP - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The company had revenue of $399.27 million during the quarter, compared to the consensus estimate of $396.10 million. During the same period in the prior year, the business earned $1.11 earnings per share. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts predict 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, December 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Friday, November 15th. Standard Motor Products's payout ratio is 71.60%.

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.