Standard Motor Products (NYSE:SMP) Reaches New 52-Week Low – What’s Next?

Shares of Standard Motor Products, Inc. (NYSE:SMP) hit a new 52-week low during trading on Friday . The company traded as low as $25.66 and last traded at $25.71, with a volume of 207323 shares traded. The stock had previously closed at $26.50.

Analyst Ratings Changes

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

Standard Motor Products Stock Performance

The stock has a market cap of $562.16 million, a P/E ratio of 15.87 and a beta of 0.50. 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 stock’s 50 day simple moving average is $29.80 and its two-hundred day simple moving average is $31.35.

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, beating the consensus estimate of $0.37 by $0.10. The business had revenue of $343.35 million for the quarter, compared to analysts’ expectations of $292.50 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. As a group, research analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.51%. Standard Motor Products’s payout ratio is presently 100.81%.

Insider Buying and Selling at Standard Motor Products

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total transaction of $299,336.00. Following the transaction, the executive vice president now owns 56,860 shares of the company’s stock, valued at $1,546,592. The trade was a 16.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Standard Motor Products

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

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.