Invesco Ltd. Raises Stake in Standard Motor Products, Inc. (NYSE:SMP)

Invesco Ltd. raised its position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,589 shares of the auto parts company's stock after purchasing an additional 46,482 shares during the period. Invesco Ltd. owned 0.87% of Standard Motor Products worth $5,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Standard Motor Products during the 4th quarter valued at approximately $753,000. Geode Capital Management LLC increased its position in shares of Standard Motor Products by 5.9% during the third quarter. Geode Capital Management LLC now owns 485,299 shares of the auto parts company's stock valued at $16,115,000 after buying an additional 27,210 shares during the period. Foundry Partners LLC lifted its holdings in shares of Standard Motor Products by 22.4% in the fourth quarter. Foundry Partners LLC now owns 202,152 shares of the auto parts company's stock worth $6,263,000 after buying an additional 36,947 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Standard Motor Products in the third quarter valued at approximately $3,876,000. Finally, Versor Investments LP purchased a new position in shares of Standard Motor Products during the 4th quarter valued at $480,000. 81.26% of the stock is owned by hedge funds and other institutional investors.

Standard Motor Products Trading Up 1.8 %

NYSE:SMP traded up $0.43 during trading hours on Tuesday, reaching $24.37. The company's stock had a trading volume of 276,869 shares, compared to its average volume of 164,591. The firm has a market capitalization of $554.22 million, a price-to-earnings ratio of 15.04 and a beta of 0.57. The firm has a 50-day simple moving average of $25.69 and a 200-day simple moving average of $29.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. Standard Motor Products, Inc. has a 1 year low of $21.38 and a 1 year high of $35.92.

Standard Motor Products (NYSE:SMP - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The auto parts company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.10. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The firm had revenue of $343.35 million during the quarter, compared to the consensus estimate of $292.50 million. Research analysts expect that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. 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 4.76%. Standard Motor Products's dividend payout ratio is presently 100.81%.

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 research report on Monday, March 3rd.

Insider Buying and Selling at Standard Motor Products

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the firm's stock in a transaction dated 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 directly owns 56,860 shares in the company, valued at $1,546,592. This trade represents a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.00% of the stock is currently owned by corporate insiders.

Standard Motor Products Profile

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.