Standard Motor Products, Inc. (NYSE:SMP) Stock Holdings Increased by US Bancorp DE

US Bancorp DE grew its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 7.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,533 shares of the auto parts company’s stock after buying an additional 608 shares during the quarter. US Bancorp DE’s holdings in Standard Motor Products were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SMP. Cornercap Investment Counsel Inc. boosted its position in Standard Motor Products by 83.4% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 48,025 shares of the auto parts company’s stock valued at $1,332,000 after purchasing an additional 21,843 shares during the period. Azarias Capital Management L.P. acquired a new position in shares of Standard Motor Products during the second quarter worth approximately $11,197,000. International Assets Investment Management LLC grew its holdings 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 in the last quarter. CWM LLC increased its position in Standard Motor Products by 3.5% in the 3rd quarter. CWM LLC now owns 24,944 shares of the auto parts company’s stock valued at $828,000 after acquiring an additional 833 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Standard Motor Products during the 1st quarter valued at $301,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Trading Down 0.5 %

Shares of SMP stock opened at $33.84 on Thursday. The firm has a market capitalization of $735.00 million, a PE ratio of 20.89 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. Standard Motor Products, Inc. has a 1 year low of $26.09 and a 1 year high of $41.71. The stock has a fifty day moving average of $32.16 and a two-hundred day moving average of $31.02.

Standard Motor Products (NYSE:SMP) last released its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. The firm had revenue of $399.27 million for 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%. Standard Motor Products’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS. As a group, research analysts expect that Standard Motor Products, Inc. will post 3.03 EPS for the current year.

Standard Motor Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 3.43%. Standard Motor Products’s dividend payout ratio (DPR) is 71.61%.

Insider Buying and Selling at Standard Motor Products

In other news, CFO Nathan R. Iles sold 1,485 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.97, for a total value of $51,930.45. Following the sale, the chief financial officer now owns 29,015 shares of the company’s stock, valued at approximately $1,014,654.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Nathan R. Iles sold 1,485 shares of the business’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 $51,930.45. Following the sale, the chief financial officer now directly owns 29,015 shares in the company, valued at $1,014,654.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dale Burks sold 1,722 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total transaction of $60,201.12. Following the sale, the executive vice president now directly owns 67,865 shares of the company’s stock, valued at approximately $2,372,560.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,454 shares of company stock valued at $225,701. 5.00% of the stock is owned by corporate insiders.

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.