Standard Motor Products, Inc. (NYSE:SMP) EVP Sells $299,336.00 in Stock

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 11,005 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total transaction of $299,336.00. Following the completion of the transaction, the executive vice president now directly owns 56,860 shares of the company’s stock, valued at $1,546,592. The trade was a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Standard Motor Products Stock Performance

SMP traded down $0.91 on Wednesday, reaching $26.39. 68,500 shares of the stock were exchanged, compared to its average volume of 127,314. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. The company’s 50-day moving average price is $30.41 and its 200 day moving average price is $31.63. The firm has a market capitalization of $576.83 million, a PE ratio of 16.28 and a beta of 0.50. Standard Motor Products, Inc. has a fifty-two week low of $26.09 and a fifty-two week high of $35.92.

Standard Motor Products (NYSE:SMP) last released its earnings results 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 firm had revenue of $343.35 million during the quarter, compared to the consensus estimate of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. As a group, sell-side analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products’s dividend payout ratio (DPR) is currently 100.81%.

Institutional Trading of Standard Motor Products

A number of hedge funds and other institutional investors have recently made changes to their positions in SMP. Probity Advisors Inc. grew its position in Standard Motor Products by 17.7% during the 4th quarter. Probity Advisors Inc. now owns 10,671 shares of the auto parts company’s stock worth $331,000 after purchasing an additional 1,603 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Standard Motor Products by 3.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,660 shares of the auto parts company’s stock worth $1,415,000 after acquiring an additional 1,388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Standard Motor Products by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,900 shares of the auto parts company’s stock valued at $369,000 after acquiring an additional 469 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Standard Motor Products by 46.3% in the fourth quarter. Lazard Asset Management LLC now owns 36,364 shares of the auto parts company’s stock valued at $1,126,000 after acquiring an additional 11,508 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Standard Motor Products by 270.1% in the fourth quarter. Deutsche Bank AG now owns 48,293 shares of the auto parts company’s stock valued at $1,496,000 after acquiring an additional 35,245 shares during the period. Institutional investors and hedge funds own 81.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.