GSA Capital Partners LLP lowered its holdings in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 65.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,700 shares of the auto parts company's stock after selling 21,981 shares during the quarter. GSA Capital Partners LLP owned about 0.05% of Standard Motor Products worth $388,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of SMP. Innealta Capital LLC bought a new stake in Standard Motor Products during the 2nd quarter worth approximately $25,000. Gladius Capital Management LP acquired a new stake in shares of Standard Motor Products during the 2nd quarter worth about $30,000. GAMMA Investing LLC raised its holdings in Standard Motor Products by 153.8% in the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company's stock valued at $30,000 after acquiring an additional 549 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Standard Motor Products in the third quarter valued at approximately $73,000. Finally, Central Pacific Bank Trust Division bought a new stake in Standard Motor Products in the 3rd quarter valued at $83,000. 81.26% of the stock is owned by institutional investors.
Insider Transactions at Standard Motor Products
In other Standard Motor Products news, CFO Nathan R. Iles sold 1,485 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $51,930.45. Following the sale, the chief financial officer now directly owns 29,015 shares of the company's stock, valued at $1,014,654.55. The trade was a 4.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric Sills sold 1,721 shares of Standard Motor Products stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.97, for a total value of $60,183.37. Following the transaction, the chief executive officer now directly owns 175,651 shares in the company, valued at $6,142,515.47. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,454 shares of company stock valued at $225,701. 5.00% of the stock is currently owned by insiders.
Standard Motor Products Stock Performance
Shares of SMP stock traded up $0.94 on Friday, hitting $33.11. The company's stock had a trading volume of 114,962 shares, compared to its average volume of 155,322. Standard Motor Products, Inc. has a fifty-two week low of $26.09 and a fifty-two week high of $41.71. 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 stock's 50 day moving average is $32.26 and its 200-day moving average is $31.03. The company has a market capitalization of $719.15 million, a PE ratio of 20.46 and a beta of 0.51.
Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.19. The firm had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The company's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS. Equities research analysts expect that Standard Motor Products, Inc. will post 3.03 earnings per share for the current fiscal year.
Standard Motor Products Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.50%. Standard Motor Products's payout ratio is 71.61%.
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
