2,198 Shares in Standard Motor Products, Inc. (NYSE:SMP) Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC purchased a new stake in Standard Motor Products, Inc. (NYSE:SMP) in the third quarter, Holdings Channel reports. The institutional investor purchased 2,198 shares of the auto parts company’s stock, valued at approximately $73,000.

Several other large investors also recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in shares of Standard Motor Products in the 2nd quarter worth approximately $25,000. Gladius Capital Management LP acquired a new position in Standard Motor Products in the second quarter worth approximately $30,000. GAMMA Investing LLC increased its holdings in shares of Standard Motor Products by 153.8% in the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock valued at $30,000 after buying an additional 549 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Standard Motor Products during the 3rd quarter valued at $83,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Standard Motor Products by 3,237.5% during the 3rd quarter. International Assets Investment Management LLC now owns 4,005 shares of the auto parts company’s stock worth $121,000 after acquiring an additional 3,885 shares in the last quarter. Institutional investors own 81.26% of the company’s stock.

Standard Motor Products Stock Down 1.8 %

Shares of Standard Motor Products stock opened at $34.02 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71. The firm has a market capitalization of $738.98 million, a PE ratio of 21.00 and a beta of 0.51. The stock’s fifty day moving average is $32.11 and its 200-day moving average is $31.00.

Standard Motor Products (NYSE:SMP) last posted 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 company had revenue of $399.27 million during the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. Equities analysts anticipate that Standard Motor Products, Inc. will post 3.03 earnings per share for the current year.

Standard Motor Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products’s payout ratio is 71.60%.

Insider Buying and Selling at Standard Motor Products

In other news, insider Carmine Joseph Broccole sold 913 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 $31,918.48. Following the completion of the sale, the insider now owns 81,241 shares of the company’s stock, valued at $2,840,185.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Standard Motor Products news, EVP Dale Burks sold 1,722 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total value of $60,201.12. Following the transaction, the executive vice president now owns 67,865 shares in the company, valued at approximately $2,372,560.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carmine Joseph Broccole sold 913 shares of Standard Motor Products stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.96, for a total transaction of $31,918.48. Following the sale, the insider now directly owns 81,241 shares of the company’s stock, valued at $2,840,185.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,454 shares of company stock valued at $225,701 in the last three months. 5.00% of the stock is currently owned by company 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.