Gladius Capital Management LP Acquires Shares of 1,082 Standard Motor Products, Inc. (NYSE:SMP)

Gladius Capital Management LP bought a new stake in shares of Standard Motor Products, Inc. (NYSE:SMP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,082 shares of the auto parts company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also modified their holdings of SMP. Great Lakes Advisors LLC acquired a new stake in Standard Motor Products in the fourth quarter valued at approximately $2,507,000. Vanguard Group Inc. lifted its position 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 worth $48,403,000 after buying an additional 49,905 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Standard Motor Products by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,492,360 shares of the auto parts company’s stock worth $59,411,000 after acquiring an additional 31,688 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Standard Motor Products by 28.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 135,806 shares of the auto parts company’s stock worth $4,556,000 after acquiring an additional 30,272 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Standard Motor Products by 35.6% during the 1st quarter. Empowered Funds LLC now owns 92,783 shares of the auto parts company’s stock valued at $3,113,000 after acquiring an additional 24,364 shares during the last quarter. 81.26% of the stock is currently owned by hedge funds and other institutional investors.

Standard Motor Products Trading Up 0.3 %

Shares of SMP opened at $30.39 on Friday. The stock’s 50-day moving average price is $29.52 and its 200 day moving average price is $32.13. The company has a quick ratio of 0.93, a current ratio of 2.46 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $659.77 million, a price-to-earnings ratio of 21.86 and a beta of 0.52. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.20. The company had revenue of $389.80 million for 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%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. As a group, research analysts predict that Standard Motor Products, Inc. will post 3 earnings per share for the current year.

Standard Motor Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a $0.29 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.82%. Standard Motor Products’s dividend payout ratio is presently 83.45%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and issued a $42.00 price target on shares of Standard Motor Products in a research report on Thursday, May 23rd.

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.