Standard Motor Products, Inc. (NYSE:SMP - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $23.56 and last traded at $23.63, with a volume of 24592 shares traded. The stock had previously closed at $25.02.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd.
Check Out Our Latest Report on Standard Motor Products
Standard Motor Products Trading Down 1.6 %
The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The firm has a 50-day moving average of $28.33 and a 200-day moving average of $30.70. The firm has a market capitalization of $501.08 million, a P/E ratio of 14.15 and a beta of 0.57.
Standard Motor Products (NYSE:SMP - Get Free Report) last issued its earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.10. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm had revenue of $343.35 million for the quarter, compared to analysts' expectations of $292.50 million. On average, equities research analysts anticipate 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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products's dividend payout ratio (DPR) is 100.81%.
Insider Transactions at Standard Motor Products
In related news, EVP Dale Burks sold 11,005 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total value of $299,336.00. Following the completion of the sale, the executive vice president now owns 56,860 shares of the company's stock, valued at $1,546,592. This trade represents a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC purchased a new position in shares of Standard Motor Products during the fourth quarter valued at about $30,000. Versant Capital Management Inc grew its holdings in shares of Standard Motor Products by 147.2% during the 4th quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company's stock worth $32,000 after acquiring an additional 614 shares during the period. FMR LLC raised its position in shares of Standard Motor Products by 64.6% in the 3rd quarter. FMR LLC now owns 1,745 shares of the auto parts company's stock worth $58,000 after acquiring an additional 685 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Standard Motor Products by 20.6% in 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. Finally, Central Pacific Bank Trust Division boosted its position in shares of Standard Motor Products by 68.0% during the first quarter. Central Pacific Bank Trust Division now owns 4,200 shares of the auto parts company's stock valued at $105,000 after purchasing an additional 1,700 shares in the last quarter. 81.26% of the stock is currently owned by institutional investors.
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.
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