Barclays PLC Has $1.61 Million Stock Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Barclays PLC raised its position in Standard Motor Products, Inc. (NYSE:SMP) by 359.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 48,522 shares of the auto parts company’s stock after purchasing an additional 37,971 shares during the period. Barclays PLC’s holdings in Standard Motor Products were worth $1,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SMP. GAMMA Investing LLC increased its position in shares of Standard Motor Products by 153.8% during the third 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 during the period. Louisiana State Employees Retirement System lifted its position in Standard Motor Products by 6.4% in the third quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company’s stock worth $332,000 after purchasing an additional 600 shares during the period. US Bancorp DE boosted its stake in Standard Motor Products by 7.7% during the third quarter. US Bancorp DE now owns 8,533 shares of the auto parts company’s stock worth $283,000 after buying an additional 608 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in 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 valued at $538,000 after buying an additional 624 shares during the period. Finally, FMR LLC increased its holdings in Standard Motor Products by 64.6% in the 3rd quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock valued at $58,000 after buying an additional 685 shares during the period. Institutional investors own 81.26% of the company’s stock.

Insider Activity at Standard Motor Products

In other news, VP Ray Nicholas sold 4,730 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $34.11, for a total transaction of $161,340.30. Following the completion of the sale, the vice president now owns 46,385 shares of the company’s stock, valued at approximately $1,582,192.35. This trade represents a 9.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Carmine Joseph Broccole sold 913 shares of Standard Motor Products stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total transaction of $31,918.48. Following the completion of the transaction, the insider now owns 81,241 shares of the company’s stock, valued at $2,840,185.36. This trade represents a 1.11 % decrease in their position. 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 90 days. 5.00% of the stock is owned by corporate insiders.

Standard Motor Products Price Performance

NYSE:SMP opened at $31.01 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The company has a 50-day moving average of $32.45 and a 200-day moving average of $31.32. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 week high of $41.71. The company has a market capitalization of $673.60 million, a price-to-earnings ratio of 19.14 and a beta of 0.52.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. The firm had revenue of $399.27 million during 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%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. As a group, equities research analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.29 per share. The ex-dividend date was Friday, November 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.74%. Standard Motor Products’s dividend payout ratio (DPR) is presently 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.