Standard Motor Products, Inc. (NYSE:SMP) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 21.0% during the third quarter, HoldingsChannel reports. The firm owned 44,272 shares of the auto parts company’s stock after buying an additional 7,678 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Standard Motor Products were worth $1,470,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SMP. GAMMA Investing LLC grew its holdings in Standard Motor Products by 153.8% during the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 549 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Standard Motor Products during the second quarter valued at about $25,000. FMR LLC increased its position in shares of Standard Motor Products by 64.6% during the third quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 685 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Standard Motor Products in the third quarter worth about $73,000. Finally, Central Pacific Bank Trust Division purchased a new position in Standard Motor Products in the third quarter valued at about $83,000. 81.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Nathan R. Iles sold 1,485 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $51,930.45. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric Sills sold 1,721 shares of Standard Motor Products 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 $60,183.37. Following the completion of the transaction, the chief executive officer now owns 175,651 shares of the company’s stock, valued at approximately $6,142,515.47. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,184 shares of company stock valued at $387,041 in the last quarter. Insiders own 5.00% of the company’s stock.

Standard Motor Products Stock Performance

Shares of SMP opened at $33.29 on Tuesday. The firm has a market cap of $723.13 million, a price-to-earnings ratio of 20.55 and a beta of 0.52. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $32.43 and its two-hundred day moving average is $31.27. Standard Motor Products, Inc. has a 52-week low of $26.09 and a 52-week high of $41.71.

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 firm had revenue of $399.27 million for the quarter, compared to the consensus estimate of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 EPS. Analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Friday, November 15th. Standard Motor Products’s payout ratio is currently 71.60%.

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.