Royce & Associates LP Has $39.75 Million Stock Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Royce & Associates LP cut its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,283,002 shares of the auto parts company’s stock after selling 12,995 shares during the period. Royce & Associates LP owned approximately 0.06% of Standard Motor Products worth $39,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Standard Motor Products by 58.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,198 shares of the auto parts company’s stock worth $564,000 after purchasing an additional 6,706 shares during the period. Farther Finance Advisors LLC raised its position in shares of 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 worth $82,000 after purchasing an additional 453 shares during the period. Amundi raised its position in Standard Motor Products by 187.5% during the fourth quarter. Amundi now owns 10,438 shares of the auto parts company’s stock valued at $317,000 after buying an additional 6,807 shares during the period. Raymond James Financial Inc. acquired a new position in Standard Motor Products during the fourth quarter valued at $2,710,000. Finally, Proficio Capital Partners LLC acquired a new position in Standard Motor Products during the fourth quarter valued at $753,000. 81.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Insider Buying and Selling at Standard Motor Products

In other news, EVP Dale Burks sold 11,005 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was 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 owns 56,860 shares in the company, valued at approximately $1,546,592. This represents a 16.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Standard Motor Products Stock Up 1.3 %

NYSE:SMP opened at $26.53 on Friday. The business’s fifty day moving average price is $30.14 and its 200 day moving average price is $31.51. 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 $25.68 and a 1-year high of $35.92. The firm has a market capitalization of $580.04 million, a price-to-earnings ratio of 16.38 and a beta of 0.50.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The firm had revenue of $343.35 million for the quarter, compared to the consensus estimate of $292.50 million. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 4.37%. Standard Motor Products’s dividend payout ratio (DPR) is currently 100.81%.

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.