Standard Motor Products, Inc. (NYSE:SMP) Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,655,886 shares of the auto parts company's stock after acquiring an additional 69,000 shares during the quarter. Vanguard Group Inc. owned 7.62% of Standard Motor Products worth $51,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of Standard Motor Products by 147.2% in the 4th 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 during the period. FMR LLC raised its holdings in Standard Motor Products by 64.6% in the third quarter. FMR LLC now owns 1,745 shares of the auto parts company's stock valued at $58,000 after buying an additional 685 shares during the period. Farther Finance Advisors LLC lifted its position in Standard Motor Products by 20.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company's stock valued at $82,000 after buying an additional 453 shares in the last quarter. Magnetar Financial LLC acquired a new position in Standard Motor Products during the fourth quarter valued at approximately $244,000. Finally, Semanteon Capital Management LP purchased a new stake in Standard Motor Products during the fourth quarter worth approximately $289,000. Institutional investors and hedge funds own 81.26% of the company's stock.

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Standard Motor Products Stock Up 0.5 %

Shares of SMP stock traded up $0.12 during trading hours on Tuesday, reaching $22.81. The company had a trading volume of 287,529 shares, compared to its average volume of 161,656. The company has a market capitalization of $498.61 million, a P/E ratio of 14.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. Standard Motor Products, Inc. has a twelve month low of $21.38 and a twelve month high of $35.92. The stock's fifty day simple moving average is $27.12 and its 200 day simple moving average is $30.19.

Standard Motor Products (NYSE:SMP - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.10. The company had revenue of $343.35 million during 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 expect that Standard Motor Products, Inc. will post 3.08 earnings per share 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. Shareholders of record on Friday, February 14th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 5.09%. Standard Motor Products's dividend payout ratio is currently 100.81%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd.

Insider Buying and Selling at Standard Motor Products

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 56,860 shares of the company's stock, valued at $1,546,592. This represents a 16.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Standard Motor Products 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.