William Blair Investment Management LLC increased its stake in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 929,813 shares of the auto parts company's stock after purchasing an additional 19,180 shares during the quarter. William Blair Investment Management LLC owned about 4.28% of Standard Motor Products worth $28,806,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc lifted 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 during the period. FMR LLC lifted 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 worth $58,000 after purchasing an additional 685 shares during the period. Farther Finance Advisors LLC lifted its holdings in Standard Motor Products by 20.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company's stock worth $82,000 after purchasing an additional 453 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Standard Motor Products by 5.0% in 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 during the period. Finally, Amundi lifted its holdings in Standard Motor Products by 187.5% in the fourth quarter. Amundi now owns 10,438 shares of the auto parts company's stock worth $317,000 after purchasing an additional 6,807 shares during the period. Institutional investors and hedge funds own 81.26% of the company's stock.
Standard Motor Products Price Performance
NYSE SMP traded down $0.79 on Friday, reaching $25.71. The company's stock had a trading volume of 406,426 shares, compared to its average volume of 145,285. Standard Motor Products, Inc. has a twelve month low of $25.66 and a twelve month high of $35.92. 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 stock has a market cap of $562.16 million, a PE ratio of 15.87 and a beta of 0.50. The firm's 50 day moving average is $29.72 and its two-hundred day moving average is $31.31.
Standard Motor Products (NYSE:SMP - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $343.35 million during the quarter, compared to the consensus estimate of $292.50 million. As a group, sell-side analysts predict that Standard Motor Products, Inc. will post 3.08 EPS for the current year.
Standard Motor Products Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products's payout ratio is 100.81%.
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 dated Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total transaction of $299,336.00. Following the completion of the sale, the executive vice president now directly owns 56,860 shares of the company's stock, valued at approximately $1,546,592. This represents a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.00% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd.
View Our Latest Report on Standard Motor Products
Standard Motor Products Company Profile
(
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
