Standard Motor Products, Inc. (NYSE:SMP) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 274.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,119 shares of the auto parts company's stock after purchasing an additional 27,210 shares during the period. Intech Investment Management LLC owned about 0.17% of Standard Motor Products worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in SMP. Russell Investments Group Ltd. acquired a new position in Standard Motor Products during the 1st quarter worth approximately $205,000. Vanguard Group Inc. increased its holdings in Standard Motor Products by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company's stock valued at $48,403,000 after buying an additional 49,905 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Standard Motor Products by 3.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,396 shares of the auto parts company's stock valued at $618,000 after buying an additional 634 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Standard Motor Products in the second quarter valued at $30,000. Finally, Bank of New York Mellon Corp lifted its holdings in Standard Motor Products by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 271,823 shares of the auto parts company's stock worth $7,538,000 after buying an additional 4,391 shares during the last quarter. 81.26% of the stock is currently owned by hedge funds and other institutional investors.

Standard Motor Products Stock Up 0.3 %

Shares of SMP traded up $0.10 during mid-day trading on Wednesday, reaching $32.78. The company's stock had a trading volume of 74,409 shares, compared to its average volume of 154,700. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71. The stock has a market cap of $711.98 million, a PE ratio of 20.17 and a beta of 0.51. The company's 50 day moving average is $32.22 and its 200 day moving average is $31.02.

Standard Motor Products (NYSE:SMP - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $396.10 million. During the same quarter last year, the company earned $1.11 earnings per share. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts anticipate that Standard Motor Products, Inc. will post 3.05 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 3.54%. Standard Motor Products's dividend payout ratio is presently 71.61%.

Insiders Place Their Bets

In related 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 transaction, the insider now owns 81,241 shares of the company's stock, valued at $2,840,185.36. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric Sills sold 1,721 shares of the company'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 value of $60,183.37. Following the sale, the chief executive officer now directly owns 175,651 shares of the company's stock, valued at approximately $6,142,515.47. This represents 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 have sold 6,454 shares of company stock valued at $225,701. 5.00% of the stock is currently owned by insiders.

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.