Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) EVP Dale Burks sold 11,005 shares of Standard Motor Products stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total transaction of $299,336.00. Following the sale, the executive vice president now owns 56,860 shares of the company's stock, valued at $1,546,592. The trade was a 16.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Standard Motor Products Stock Up 1.3 %
NYSE SMP traded up $0.35 during trading on Friday, reaching $26.53. 168,511 shares of the company's stock traded hands, compared to its average volume of 132,900. 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 firm has a market cap of $580.04 million, a price-to-earnings ratio of 16.38 and a beta of 0.50. The company's 50 day simple moving average is $30.23 and its two-hundred day simple moving average is $31.56. Standard Motor Products, Inc. has a 12-month low of $25.68 and a 12-month high of $35.92.
Standard Motor Products (NYSE:SMP - Get Free Report) last posted its earnings results on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. The business had revenue of $343.35 million for the quarter, compared to the consensus estimate of $292.50 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. As a group, sell-side analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.
Standard Motor Products Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Friday, February 14th. Standard Motor Products's payout ratio is currently 100.81%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Probity Advisors Inc. grew its position in Standard Motor Products by 17.7% during the 4th quarter. Probity Advisors Inc. now owns 10,671 shares of the auto parts company's stock worth $331,000 after purchasing an additional 1,603 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Standard Motor Products by 3.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,660 shares of the auto parts company's stock worth $1,415,000 after purchasing an additional 1,388 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Standard Motor Products by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,900 shares of the auto parts company's stock worth $369,000 after purchasing an additional 469 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Standard Motor Products by 46.3% during the 4th quarter. Lazard Asset Management LLC now owns 36,364 shares of the auto parts company's stock valued at $1,126,000 after acquiring an additional 11,508 shares during the period. Finally, Deutsche Bank AG lifted its stake in Standard Motor Products by 270.1% during the 4th quarter. Deutsche Bank AG now owns 48,293 shares of the auto parts company's stock valued at $1,496,000 after acquiring an additional 35,245 shares during the period. Hedge funds and other institutional investors own 81.26% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd.
Get Our Latest Stock Report on Standard Motor Products
Standard Motor Products Company Profile
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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.
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