Standard Motor Products, Inc. (NYSE:SMP) Stock Holdings Cut by Eagle Asset Management Inc.

Eagle Asset Management Inc. lessened its position in Standard Motor Products, Inc. (NYSE:SMP) by 41.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,395 shares of the auto parts company’s stock after selling 49,489 shares during the period. Eagle Asset Management Inc.’s holdings in Standard Motor Products were worth $2,427,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SMP. GAMMA Investing LLC grew its holdings in Standard Motor Products by 153.8% during the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 549 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Standard Motor Products by 6.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company’s stock valued at $332,000 after purchasing an additional 600 shares in the last quarter. US Bancorp DE grew its stake in shares of Standard Motor Products by 7.7% in the 3rd quarter. US Bancorp DE now owns 8,533 shares of the auto parts company’s stock worth $283,000 after purchasing an additional 608 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Standard Motor Products by 4.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,198 shares of the auto parts company’s stock worth $538,000 after purchasing an additional 624 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Standard Motor Products by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,396 shares of the auto parts company’s stock valued at $618,000 after purchasing an additional 634 shares during the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Trading Up 0.2 %

Standard Motor Products stock opened at $33.22 on Tuesday. The firm has a market cap of $721.60 million, a price-to-earnings ratio of 20.51 and a beta of 0.51. Standard Motor Products, Inc. has a 1 year low of $26.09 and a 1 year high of $41.71. The firm’s 50 day moving average price is $32.25 and its two-hundred day moving average price is $31.02. 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 (NYSE:SMP) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business had revenue of $399.27 million for the quarter, compared to analysts’ expectations of $396.10 million. During the same period in the previous year, the firm posted $1.11 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, research analysts predict that Standard Motor Products, Inc. will post 3.05 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 3.49%. Standard Motor Products’s payout ratio is presently 71.60%.

Insider Buying and Selling at Standard Motor Products

In other news, EVP Dale Burks sold 1,722 shares of the 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Nathan R. Iles sold 1,485 shares of Standard Motor Products stock in a transaction 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 transaction, the chief financial officer now owns 29,015 shares in the company, valued at $1,014,654.55. This represents a 4.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,454 shares of company stock valued at $225,701. 5.00% of the stock is currently 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.