Barclays PLC Has $1.61 Million Stock Position in Standard Motor Products, Inc. (NYSE:SMP)

Barclays PLC raised its position in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 359.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,522 shares of the auto parts company's stock after purchasing an additional 37,971 shares during the quarter. Barclays PLC owned 0.22% of Standard Motor Products worth $1,609,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SMP. Dimensional Fund Advisors LP boosted its stake in shares of Standard Motor Products by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,535,303 shares of the auto parts company's stock worth $42,574,000 after buying an additional 8,070 shares during the last quarter. Royce & Associates LP boosted its position in Standard Motor Products by 6.0% during the third quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company's stock valued at $43,027,000 after purchasing an additional 73,476 shares during the last quarter. State Street Corp grew its stake in Standard Motor Products by 2.6% in the third quarter. State Street Corp now owns 783,593 shares of the auto parts company's stock valued at $26,015,000 after purchasing an additional 19,652 shares in the last quarter. American Century Companies Inc. grew its stake in 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 valued at $9,399,000 after purchasing an additional 55,327 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Standard Motor Products by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 271,823 shares of the auto parts company's stock worth $7,538,000 after purchasing an additional 4,391 shares during the last quarter. 81.26% of the stock is currently owned by institutional investors.

Standard Motor Products Stock Down 1.2 %

Shares of NYSE SMP traded down $0.39 during trading hours on Friday, hitting $31.01. The company had a trading volume of 72,901 shares, compared to its average volume of 151,715. The firm's 50 day moving average is $32.44 and its 200-day moving average is $31.33. 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 capitalization of $673.60 million, a P/E ratio of 19.14 and a beta of 0.52. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

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

Standard Motor Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 3.74%. Standard Motor Products's payout ratio is currently 71.60%.

Insider Buying and Selling

In other news, CEO Eric Sills sold 1,721 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.97, for a total transaction of $60,183.37. Following the completion of the transaction, the chief executive officer now owns 175,651 shares of the company's stock, valued at approximately $6,142,515.47. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ray Nicholas sold 4,730 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $34.11, for a total value of $161,340.30. Following the completion of the sale, the vice president now directly owns 46,385 shares in the company, valued at $1,582,192.35. This trade represents a 9.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,184 shares of company stock valued at $387,041. Insiders own 5.00% of the company's stock.

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.