StockNews.com lowered shares of Standard Motor Products (NYSE:SMP - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning.
Standard Motor Products Stock Performance
Shares of NYSE:SMP traded down $0.08 during trading on Monday, hitting $27.87. The company's stock had a trading volume of 205,755 shares, compared to its average volume of 120,824. 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 $605.28 million, a price-to-earnings ratio of 17.20 and a beta of 0.52. The company has a 50-day moving average of $30.62 and a 200-day moving average of $31.70. Standard Motor Products has a 12 month low of $26.09 and a 12 month high of $35.92.
Standard Motor Products (NYSE:SMP - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share for the quarter, topping the consensus estimate 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%. On average, sell-side analysts expect that Standard Motor Products will post 3.08 earnings per share for the current year.
Standard Motor Products Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.16%. The ex-dividend date was Friday, February 14th. Standard Motor Products's dividend payout ratio is presently 100.81%.
Insider Transactions at Standard Motor Products
In other news, VP Ray Nicholas sold 4,730 shares of the stock in a transaction on 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 of the company's stock, valued at $1,582,192.35. This represents a 9.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.00% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Inspire Investing LLC raised its holdings in Standard Motor Products by 3.1% during the fourth quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company's stock valued at $400,000 after acquiring an additional 383 shares during the period. Exchange Traded Concepts LLC grew its position 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 worth $292,000 after purchasing an additional 446 shares in the last quarter. Farther Finance Advisors LLC raised its stake 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 valued at $82,000 after purchasing an additional 453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Standard Motor Products by 4.1% in 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 period. Finally, Barclays PLC grew its holdings in Standard Motor Products by 1.2% during the 4th quarter. Barclays PLC now owns 49,118 shares of the auto parts company's stock valued at $1,521,000 after buying an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 81.26% of the company's stock.
About Standard Motor Products
(
Get Free Report)
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.
See Also
Before you consider Standard Motor Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Motor Products wasn't on the list.
While Standard Motor Products currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
