Intech Investment Management LLC Acquires Shares of 9,909 Standard Motor Products, Inc. (NYSE:SMP)

Intech Investment Management LLC bought a new position in Standard Motor Products, Inc. (NYSE:SMP) in the second quarter, HoldingsChannel reports. The firm bought 9,909 shares of the auto parts company’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SMP. Dimensional Fund Advisors LP lifted its position in Standard Motor Products by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,535,303 shares of the auto parts company’s stock worth $42,574,000 after buying an additional 8,070 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Standard Motor Products by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company’s stock valued at $48,403,000 after acquiring an additional 49,905 shares during the period. Azarias Capital Management L.P. bought a new stake in shares of Standard Motor Products in the 2nd quarter worth about $11,197,000. American Century Companies Inc. boosted its stake in shares of 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 during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Standard Motor Products by 1.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 306,300 shares of the auto parts company’s stock valued at $10,276,000 after purchasing an additional 3,900 shares during the last quarter. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Standard Motor Products Stock Down 0.9 %

Shares of NYSE SMP opened at $33.12 on Friday. Standard Motor Products, Inc. has a 1 year low of $26.09 and a 1 year high of $41.71. The firm has a 50-day simple moving average of $31.88 and a two-hundred day simple moving average of $31.22. The company has a market cap of $719.04 million, a P/E ratio of 23.83 and a beta of 0.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.46 and a quick ratio of 0.93.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Thursday, August 1st. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The firm had revenue of $389.80 million during the quarter, compared to analyst estimates of $365.60 million. Standard Motor Products had a return on equity of 9.90% and a net margin of 2.79%. Standard Motor Products’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. Research analysts anticipate that Standard Motor Products, Inc. will post 3.01 earnings per share for the current year.

Standard Motor Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, August 15th. Standard Motor Products’s payout ratio is presently 83.45%.

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.