Insider Selling: Standard Motor Products, Inc. (NYSE:SMP) CFO Sells 1,485 Shares of Stock

Standard Motor Products, Inc. (NYSE:SMP) CFO Nathan R. Iles sold 1,485 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $51,930.45. Following the completion of the transaction, the chief financial officer now owns 29,015 shares of the company’s stock, valued at $1,014,654.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Standard Motor Products Stock Down 2.6 %

SMP traded down $0.91 during midday trading on Tuesday, hitting $33.73. 37,880 shares of the company’s stock traded hands, compared to its average volume of 155,691. Standard Motor Products, Inc. has a one year low of $26.09 and a one year high of $41.71. 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 fifty day simple moving average is $32.07 and its 200-day simple moving average is $30.98. The company has a market cap of $732.68 million, a PE ratio of 20.80 and a beta of 0.51.

Standard Motor Products (NYSE:SMP) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.19. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The company had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. During the same period last year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Standard Motor Products, Inc. will post 3.03 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio (DPR) is 71.60%.

Institutional Trading of Standard Motor Products

Several hedge funds and other institutional investors have recently bought and sold shares of SMP. GAMMA Investing LLC lifted its stake in Standard Motor Products by 153.8% during the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 549 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Standard Motor Products in the 2nd quarter worth approximately $25,000. Gladius Capital Management LP bought a new position in Standard Motor Products in the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC purchased a new stake in Standard Motor Products during the 3rd quarter valued at $73,000. Finally, Central Pacific Bank Trust Division purchased a new position in Standard Motor Products during the third quarter valued at $83,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

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.