Foundry Partners LLC Buys 36,947 Shares of Standard Motor Products, Inc. (NYSE:SMP)

Foundry Partners LLC increased its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,152 shares of the auto parts company’s stock after purchasing an additional 36,947 shares during the quarter. Foundry Partners LLC’s holdings in Standard Motor Products were worth $6,263,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Standard Motor Products by 147.2% during the fourth quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 614 shares in the last quarter. FMR LLC increased its position in Standard Motor Products by 64.6% during the 3rd quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock worth $58,000 after purchasing an additional 685 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Standard Motor Products by 20.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company’s stock valued at $82,000 after purchasing an additional 453 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Standard Motor Products in the fourth quarter valued at approximately $244,000. Finally, Semanteon Capital Management LP bought a new stake in shares of Standard Motor Products during the fourth quarter worth $289,000. 81.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Standard Motor Products

In related news, EVP Dale Burks sold 11,005 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total transaction of $299,336.00. Following the sale, the executive vice president now owns 56,860 shares in the company, valued at $1,546,592. This represents a 16.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Standard Motor Products Stock Down 4.3 %

Shares of NYSE:SMP opened at $23.96 on Friday. The firm has a market cap of $523.70 million, a P/E ratio of 14.79 and a beta of 0.50. Standard Motor Products, Inc. has a 12-month low of $23.56 and a 12-month high of $35.92. The business has a fifty day simple moving average of $28.67 and a 200 day simple moving average of $30.89. 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 (NYSE:SMP) last posted its quarterly earnings data on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. The company had revenue of $343.35 million for the quarter, compared to analyst estimates of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. Analysts predict that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products’s dividend payout ratio is currently 100.81%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd.

About Standard Motor Products

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.