Standard Motor Products, Inc. (NYSE:SMP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.70 and traded as high as $31.76. Standard Motor Products shares last traded at $31.20, with a volume of 69,302 shares traded.
Standard Motor Products Price Performance
The firm's 50 day simple moving average is $32.09 and its two-hundred day simple moving average is $31.70. 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 capitalization of $677.58 million, a P/E ratio of 19.26 and a beta of 0.52.
Standard Motor Products (NYSE:SMP - Get Free Report) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.19. The company had revenue of $399.27 million during the quarter, compared to analysts' expectations of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. Standard Motor Products's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 EPS. As a group, analysts predict that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.
Standard Motor Products Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Friday, November 15th. Standard Motor Products's payout ratio is 71.61%.
Insider Buying and Selling at Standard Motor Products
In other Standard Motor Products news, insider Carmine Joseph Broccole sold 913 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.96, for a total value of $31,918.48. Following the completion of the sale, the insider now owns 81,241 shares in the company, valued at approximately $2,840,185.36. This trade represents a 1.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric Sills sold 1,721 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.97, for a total value of $60,183.37. Following the transaction, the chief executive officer now directly owns 175,651 shares in the company, valued at $6,142,515.47. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,184 shares of company stock valued at $387,041 in the last quarter. Company insiders own 5.00% of the company's stock.
Institutional Investors Weigh In On Standard Motor Products
Institutional investors and hedge funds have recently modified their holdings of the stock. Inspire Investing LLC raised its position in shares of Standard Motor Products by 3.1% in the 4th quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company's stock worth $400,000 after acquiring an additional 383 shares in the last quarter. Versant Capital Management Inc raised its holdings in Standard Motor Products by 147.2% in the fourth quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company's stock worth $32,000 after purchasing an additional 614 shares in the last quarter. Principal Financial Group Inc. lifted its position in Standard Motor Products by 7.0% during the third quarter. Principal Financial Group Inc. now owns 104,913 shares of the auto parts company's stock valued at $3,483,000 after buying an additional 6,819 shares during the period. Franklin Resources Inc. bought a new stake in shares of Standard Motor Products during the 3rd quarter valued at $3,876,000. Finally, Barclays PLC grew its position in shares of Standard Motor Products by 359.9% in the 3rd quarter. Barclays PLC now owns 48,522 shares of the auto parts company's stock worth $1,609,000 after buying an additional 37,971 shares during the period. 81.26% of the stock is owned by hedge funds and other 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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