KLP Kapitalforvaltning AS Purchases Shares of 16,100 Standard Motor Products, Inc. (NYSE:SMP)

KLP Kapitalforvaltning AS bought a new position in Standard Motor Products, Inc. (NYSE:SMP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,100 shares of the auto parts company's stock, valued at approximately $499,000. KLP Kapitalforvaltning AS owned approximately 0.07% of Standard Motor Products at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Inspire Investing LLC grew its position in Standard Motor Products by 3.1% during the 4th quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company's stock worth $400,000 after purchasing an additional 383 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Standard Motor Products by 5.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,421 shares of the auto parts company's stock valued at $292,000 after buying an additional 446 shares in the last quarter. Farther Finance Advisors LLC boosted its position in 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 acquiring an additional 453 shares during the period. Illinois Municipal Retirement Fund increased its holdings in shares of Standard Motor Products by 6.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 10,467 shares of the auto parts company's stock valued at $324,000 after purchasing an additional 600 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of 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 worth $32,000 after purchasing an additional 614 shares in the last quarter. Institutional investors and hedge funds own 81.26% of the company's stock.

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Insider Activity at Standard Motor Products

In related news, EVP Dale Burks sold 11,005 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total value of $299,336.00. Following the transaction, the executive vice president now directly owns 56,860 shares of the company's stock, valued at approximately $1,546,592. This trade represents a 16.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd.

Standard Motor Products Stock Down 0.0 %

SMP traded down $0.01 during trading on Tuesday, reaching $22.95. 15,738 shares of the stock traded hands, compared to its average volume of 156,676. 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 fifty-two week low of $22.18 and a fifty-two week high of $35.92. The stock's 50-day simple moving average is $28.33 and its two-hundred day simple moving average is $30.70. The stock has a market cap of $501.62 million, a price-to-earnings ratio of 14.17 and a beta of 0.57.

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

Standard Motor Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.06%. Standard Motor Products's dividend payout ratio is currently 100.81%.

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.