EntryPoint Capital LLC Acquires New Holdings in Standard Motor Products, Inc. (NYSE:SMP)

EntryPoint Capital LLC purchased a new position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,547 shares of the auto parts company's stock, valued at approximately $327,000.

Several other institutional investors and hedge funds also recently modified their holdings of SMP. Proficio Capital Partners LLC bought a new stake in shares of Standard Motor Products in the 4th quarter worth $753,000. Geode Capital Management LLC lifted its holdings in Standard Motor Products by 5.9% in the 3rd quarter. Geode Capital Management LLC now owns 485,299 shares of the auto parts company's stock valued at $16,115,000 after acquiring an additional 27,210 shares during the last quarter. State Street Corp boosted its position in shares of Standard Motor Products by 2.6% during the 3rd quarter. State Street Corp now owns 783,593 shares of the auto parts company's stock valued at $26,015,000 after purchasing an additional 19,652 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Standard Motor Products in the 3rd quarter worth approximately $3,876,000. Finally, Versor Investments LP bought a new stake in shares of Standard Motor Products in the 4th quarter worth approximately $480,000. Institutional investors own 81.26% of the company's stock.

Standard Motor Products Trading Down 0.1 %

SMP traded down $0.02 during trading on Monday, reaching $24.90. The company had a trading volume of 87,336 shares, compared to its average volume of 154,124. The firm's 50-day simple moving average is $29.20 and its 200 day simple moving average is $31.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The company has a market cap of $544.36 million, a price-to-earnings ratio of 15.38 and a beta of 0.50. Standard Motor Products, Inc. has a 12-month low of $24.40 and a 12-month high of $35.92.

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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, topping the consensus estimate of $0.37 by $0.10. The business had revenue of $343.35 million for 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 anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.66%. Standard Motor Products's payout ratio is currently 100.81%.

Insider Transactions at Standard Motor Products

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total value of $299,336.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

About Standard Motor Products

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.