Insider Selling: Standard Motor Products, Inc. (NYSE:SMP) CEO Sells 1,721 Shares of Stock

Standard Motor Products, Inc. (NYSE:SMP) CEO Eric Sills sold 1,721 shares of the firm’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 completion of the transaction, the chief executive officer now owns 175,651 shares in the company, valued at $6,142,515.47. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Standard Motor Products Stock Performance

Standard Motor Products stock traded down $0.95 during mid-day trading on Tuesday, reaching $33.69. The company’s stock had a trading volume of 34,433 shares, compared to its average volume of 155,675. The company has a market capitalization of $731.81 million, a P/E ratio of 20.80 and a beta of 0.51. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71. 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’s fifty day moving average price is $32.07 and its two-hundred day moving average price is $30.98.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The company had revenue of $399.27 million for the quarter, compared to analysts’ expectations of $396.10 million. During the same quarter last year, the company earned $1.11 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts predict that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio is currently 71.60%.

Institutional Trading of Standard Motor Products

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in Standard Motor Products by 153.8% in the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 549 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Standard Motor Products during the second quarter worth $25,000. Gladius Capital Management LP purchased a new stake in Standard Motor Products in the second quarter valued at approximately $30,000. Farther Finance Advisors LLC acquired a new stake in Standard Motor Products during the 3rd quarter worth about $73,000. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Standard Motor Products during the 3rd quarter worth about $83,000. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Standard Motor Products Company 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.