JPMorgan Chase & Co. Sells 41,872 Shares of Standard Motor Products, Inc. (NYSE:SMP)

JPMorgan Chase & Co. trimmed its holdings in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 49.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,107 shares of the auto parts company's stock after selling 41,872 shares during the period. JPMorgan Chase & Co. owned approximately 0.20% of Standard Motor Products worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SMP. GAMMA Investing LLC grew its holdings in shares of Standard Motor Products by 153.8% during 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 in the last quarter. FMR LLC grew its stake 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 purchasing an additional 685 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Standard Motor Products in the 3rd quarter worth about $73,000. Central Pacific Bank Trust Division acquired a new stake in shares of Standard Motor Products during the 3rd quarter valued at about $83,000. Finally, International Assets Investment Management LLC grew its stake in shares of Standard Motor Products by 3,237.5% in the 3rd quarter. International Assets Investment Management LLC now owns 4,005 shares of the auto parts company's stock valued at $121,000 after buying an additional 3,885 shares in the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Standard Motor Products

In related news, CEO Eric Sills sold 1,721 shares of Standard Motor Products stock in a transaction 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 transaction, the chief executive officer now owns 175,651 shares in the company, valued at $6,142,515.47. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ray Nicholas sold 4,730 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $34.11, for a total transaction of $161,340.30. Following the transaction, the vice president now directly owns 46,385 shares of the company's stock, valued at approximately $1,582,192.35. This represents a 9.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,184 shares of company stock valued at $387,041. Corporate insiders own 5.00% of the company's stock.

Standard Motor Products Stock Up 1.0 %

SMP traded up $0.30 during midday trading on Friday, hitting $31.52. 80,029 shares of the company's stock traded hands, compared to its average volume of 86,809. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. The company has a market cap of $684.74 million, a PE ratio of 19.46 and a beta of 0.52. The stock's fifty day simple moving average is $31.90 and its 200-day simple moving average is $31.77. Standard Motor Products, Inc. has a one year low of $26.09 and a one year high of $41.71.

Standard Motor Products (NYSE:SMP - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.19. The business had revenue of $399.27 million for the quarter, compared to the consensus estimate of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. Standard Motor Products's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 EPS. As a group, equities analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Friday, November 15th. Standard Motor Products's dividend payout ratio is 71.60%.

Standard Motor Products Company 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.