Rice Hall James & Associates LLC Raises Stake in Standard Motor Products, Inc. (NYSE:SMP)

Rice Hall James & Associates LLC increased its holdings in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 47.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,345 shares of the auto parts company's stock after purchasing an additional 31,826 shares during the period. Rice Hall James & Associates LLC owned approximately 0.46% of Standard Motor Products worth $3,298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SMP. Azarias Capital Management L.P. purchased a new position in Standard Motor Products in the 2nd quarter worth approximately $11,197,000. American Century Companies Inc. increased its stake in shares of Standard Motor Products by 19.5% in the second quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company's stock worth $9,399,000 after buying an additional 55,327 shares during the period. Vanguard Group Inc. raised its holdings in Standard Motor Products by 3.6% during the 1st 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. Bank of Montreal Can purchased a new stake in Standard Motor Products during the 2nd quarter valued at $1,029,000. Finally, Empowered Funds LLC grew its holdings in Standard Motor Products by 35.6% in the 1st quarter. Empowered Funds LLC now owns 92,783 shares of the auto parts company's stock worth $3,113,000 after acquiring an additional 24,364 shares during the last quarter. Institutional investors own 81.26% of the company's stock.

Standard Motor Products Trading Down 0.4 %

Shares of NYSE:SMP traded down $0.13 during midday trading on Friday, hitting $32.06. 126,145 shares of the stock traded hands, compared to its average volume of 145,538. The company has a quick ratio of 0.93, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $696.34 million, a PE ratio of 19.79 and a beta of 0.51. Standard Motor Products, Inc. has a one year low of $26.09 and a one year high of $41.71. The business's 50 day moving average is $31.81 and its two-hundred day moving average is $30.92.

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 the consensus estimate of $1.09 by $0.19. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business had revenue of $399.27 million during the quarter, compared to analysts' expectations of $396.10 million. During the same quarter last year, the business posted $1.11 EPS. The business's revenue was up 3.3% on a year-over-year basis. As a group, research analysts forecast that Standard Motor Products, Inc. will post 3.01 earnings per share for the current 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 given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products's payout ratio is currently 71.61%.

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.