19,536 Shares in Standard Motor Products, Inc. (NYSE:SMP) Purchased by Readystate Asset Management LP

Readystate Asset Management LP purchased a new position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,536 shares of the auto parts company's stock, valued at approximately $649,000. Readystate Asset Management LP owned approximately 0.09% of Standard Motor Products at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMP. Innealta Capital LLC bought a new stake in Standard Motor Products during the second quarter worth $25,000. Gladius Capital Management LP acquired a new position in shares of Standard Motor Products in the second quarter valued at $30,000. GAMMA Investing LLC increased its holdings in shares of Standard Motor Products by 153.8% in the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 549 shares during the last quarter. FMR LLC increased its holdings in shares of 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 during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of Standard Motor Products in the third quarter valued at $73,000. 81.26% of the stock is owned by institutional investors.

Insider Activity at Standard Motor Products

In related news, CFO Nathan R. Iles sold 1,485 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total value of $51,930.45. Following the transaction, the chief financial officer now directly owns 29,015 shares in the company, valued at approximately $1,014,654.55. This represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Carmine Joseph Broccole sold 913 shares of the company'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 sale, the insider now directly owns 81,241 shares of the company's stock, valued at $2,840,185.36. This represents a 1.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,454 shares of company stock worth $225,701. Corporate insiders own 5.00% of the company's stock.

Standard Motor Products Stock Performance

Shares of NYSE:SMP traded down $0.24 on Friday, hitting $33.57. The company had a trading volume of 73,271 shares, compared to its average volume of 153,030. Standard Motor Products, Inc. has a 1-year low of $26.09 and a 1-year high of $41.71. The stock has a market cap of $729.14 million, a price-to-earnings ratio of 20.72 and a beta of 0.52. The stock has a 50 day moving average price of $32.21 and a 200 day moving average price of $31.12. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $399.27 million for the quarter, compared to the consensus estimate of $396.10 million. During the same period in the previous year, the company earned $1.11 earnings per share. The company's quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.46%. Standard Motor Products's dividend payout ratio (DPR) is presently 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.