ExodusPoint Capital Management LP Acquires Shares of 12,820 Standard Motor Products, Inc. (NYSE:SMP)

ExodusPoint Capital Management LP purchased a new position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,820 shares of the auto parts company's stock, valued at approximately $397,000. ExodusPoint Capital Management LP owned about 0.06% of Standard Motor Products at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SMP. Franklin Resources Inc. purchased a new stake in Standard Motor Products in the 3rd quarter valued at approximately $3,876,000. Raymond James Financial Inc. acquired a new position in Standard Motor Products during the fourth quarter worth about $2,710,000. American Century Companies Inc. increased its holdings in Standard Motor Products by 21.1% in the fourth quarter. American Century Companies Inc. now owns 497,258 shares of the auto parts company's stock valued at $15,405,000 after buying an additional 86,640 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Standard Motor Products by 26.7% during the 4th quarter. Bank of New York Mellon Corp now owns 331,078 shares of the auto parts company's stock valued at $10,257,000 after acquiring an additional 69,717 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Standard Motor Products by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 1,655,886 shares of the auto parts company's stock worth $51,299,000 after acquiring an additional 69,000 shares in the last quarter. Hedge funds and other institutional investors own 81.26% of the company's stock.

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Insider Activity

In other news, EVP Dale Burks sold 11,005 shares of Standard Motor Products stock in a transaction dated 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 directly owns 56,860 shares of the company's stock, valued at $1,546,592. The trade was a 16.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.00% of the company's stock.

Standard Motor Products Price Performance

Shares of Standard Motor Products stock traded up $0.12 on Tuesday, hitting $22.81. The company's stock had a trading volume of 287,529 shares, compared to its average volume of 162,014. The company has a market capitalization of $498.61 million, a P/E ratio of 14.08 and a beta of 0.57. Standard Motor Products, Inc. has a 52-week low of $21.38 and a 52-week high of $35.92. The firm has a fifty day moving average price of $26.95 and a 200-day moving average price of $30.14. 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 (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 business had revenue of $343.35 million for the quarter, compared to the consensus estimate of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. On average, equities research analysts expect 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.09%. Standard Motor Products's dividend payout ratio (DPR) is presently 100.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research note 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.