Foundry Partners LLC raised its holdings in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 22.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 202,152 shares of the auto parts company's stock after buying an additional 36,947 shares during the period. Foundry Partners LLC owned approximately 0.93% of Standard Motor Products worth $6,263,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of SMP. Versant Capital Management Inc boosted its holdings in Standard Motor Products by 147.2% in the fourth quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company's stock valued at $32,000 after purchasing an additional 614 shares in the last quarter. FMR LLC increased its holdings in Standard Motor Products by 64.6% in the third quarter. FMR LLC now owns 1,745 shares of the auto parts company's stock valued at $58,000 after buying an additional 685 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Standard Motor Products by 20.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company's stock worth $82,000 after buying an additional 453 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Standard Motor Products in the 4th quarter valued at approximately $244,000. Finally, Semanteon Capital Management LP purchased a new position in Standard Motor Products in the 4th quarter valued at about $289,000. Institutional investors and hedge funds own 81.26% of the company's stock.
Standard Motor Products Price Performance
SMP traded down $0.95 on Tuesday, reaching $22.00. The company had a trading volume of 114,215 shares, compared to its average volume of 157,113. The company has a market capitalization of $480.96 million, a P/E ratio of 13.56 and a beta of 0.57. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $28.33 and a 200-day moving average of $30.70. Standard Motor Products, Inc. has a one year low of $21.86 and a one year high of $35.92.
Standard Motor Products (NYSE:SMP - Get Free Report) last issued its earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The firm had revenue of $343.35 million during the quarter, compared to analysts' expectations 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 anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.
Standard Motor Products Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid 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 yield of 5.27%. Standard Motor Products's dividend payout ratio (DPR) is currently 100.81%.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd.
Check Out Our Latest Report on Standard Motor Products
Insider Transactions at Standard Motor Products
In related news, EVP Dale Burks sold 11,005 shares of the business's stock in a transaction dated 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 owns 56,860 shares of the company's stock, valued at approximately $1,546,592. The trade was a 16.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is currently owned by company insiders.
About Standard Motor Products
(
Free Report)
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.
See Also
Before you consider Standard Motor Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Motor Products wasn't on the list.
While Standard Motor Products currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
