Versor Investments LP Invests $480,000 in Standard Motor Products, Inc. (NYSE:SMP)

Versor Investments LP acquired a new position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,500 shares of the auto parts company's stock, valued at approximately $480,000. Versor Investments LP owned about 0.07% of Standard Motor Products as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning bought a new stake in Standard Motor Products during the third quarter worth about $218,000. International Assets Investment Management LLC lifted its position in Standard Motor Products by 3,237.5% in the 3rd quarter. International Assets Investment Management LLC now owns 4,005 shares of the auto parts company's stock worth $121,000 after buying an additional 3,885 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Standard Motor Products by 6.4% in the third quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company's stock worth $332,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue grew its position in Standard Motor Products by 6.8% during the third quarter. State of Alaska Department of Revenue now owns 11,760 shares of the auto parts company's stock valued at $390,000 after acquiring an additional 745 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of Standard Motor Products by 11.6% during the third quarter. Pinnacle Associates Ltd. now owns 18,703 shares of the auto parts company's stock worth $621,000 after acquiring an additional 1,950 shares in the last quarter. 81.26% of the stock is currently owned by hedge funds and other institutional investors.

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Standard Motor Products Trading Down 0.4 %

Shares of SMP traded down $0.11 during trading hours on Wednesday, hitting $28.15. The company had a trading volume of 235,800 shares, compared to its average volume of 117,619. Standard Motor Products, Inc. has a 52-week low of $26.09 and a 52-week high of $35.92. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average price is $30.75 and its 200 day moving average price is $31.76. The firm has a market cap of $611.47 million, a P/E ratio of 17.38 and a beta of 0.52.

Standard Motor Products (NYSE:SMP - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The business had revenue of $343.35 million for the quarter, compared to analysts' expectations of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. On average, research analysts predict that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a yield of 4.12%. Standard Motor Products's payout ratio is currently 100.81%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Standard Motor Products news, VP Ray Nicholas sold 4,730 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $34.11, for a total transaction of $161,340.30. Following the completion of the transaction, the vice president now owns 46,385 shares of the company's stock, valued at $1,582,192.35. This represents a 9.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.00% of the company's stock.

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.