Insider Selling: Standard Motor Products, Inc. (NYSE:SMP) EVP Sells $60,201.12 in Stock

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 1,722 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.96, for a total value of $60,201.12. Following the completion of the transaction, the executive vice president now owns 67,865 shares in the company, valued at $2,372,560.40. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Standard Motor Products Trading Up 0.5 %

NYSE:SMP opened at $33.98 on Friday. The firm has a market capitalization of $738.05 million, a price-to-earnings ratio of 20.98 and a beta of 0.51. The business’s 50-day moving average price is $32.20 and its two-hundred day moving average price is $31.04. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. Standard Motor Products, Inc. has a 1-year low of $26.09 and a 1-year high of $41.71.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The business had revenue of $399.27 million during the quarter, compared to analysts’ expectations of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. On average, equities analysts expect that Standard Motor Products, Inc. will post 3.03 earnings per share for the current year.

Standard Motor Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products’s dividend payout ratio (DPR) is presently 71.61%.

Hedge Funds Weigh In On Standard Motor Products

Several institutional investors and hedge funds have recently modified their holdings of SMP. Azarias Capital Management L.P. bought a new position in Standard Motor Products in the second quarter valued at approximately $11,197,000. Royce & Associates LP boosted its stake in Standard Motor Products by 6.0% in the 3rd quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company’s stock worth $43,027,000 after purchasing an additional 73,476 shares during the period. American Century Companies Inc. increased its holdings in Standard Motor Products by 19.5% during the 2nd quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock worth $9,399,000 after purchasing an additional 55,327 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Standard Motor Products by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company’s stock valued at $48,403,000 after purchasing an additional 49,905 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Standard Motor Products in the second quarter valued at about $1,029,000. 81.26% of the stock is currently owned by institutional investors and hedge funds.

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.