Standard Motor Products (NYSE:SMP) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Standard Motor Products, Inc. (NYSE:SMP)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.70 and traded as high as $31.76. Standard Motor Products shares last traded at $31.20, with a volume of 69,302 shares changing hands.

Standard Motor Products Price Performance

The business’s 50-day simple moving average is $32.04 and its 200 day simple moving average is $31.74. The company has a market capitalization of $675.71 million, a P/E ratio of 19.20 and a beta of 0.52. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

Standard Motor Products (NYSE:SMP) last released its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The firm had revenue of $399.27 million during the quarter, compared to the consensus estimate of $396.10 million. During the same period in the prior year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.29 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.73%. Standard Motor Products’s payout ratio is currently 71.61%.

Insiders Place Their Bets

In other Standard Motor Products news, CFO Nathan R. Iles sold 1,485 shares of Standard Motor Products stock in a transaction on 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 sale, the chief financial officer now owns 29,015 shares of the company’s stock, valued at $1,014,654.55. This trade represents a 4.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Ray Nicholas sold 4,730 shares of Standard Motor Products stock in a transaction on Monday, December 9th. The shares were sold at an average price of $34.11, for a total value of $161,340.30. Following the sale, the vice president now directly owns 46,385 shares of the company’s stock, valued at approximately $1,582,192.35. The trade was a 9.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,184 shares of company stock worth $387,041. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Standard Motor Products

Institutional investors and hedge funds have recently modified their holdings of the business. Inspire Investing LLC boosted its position in Standard Motor Products by 3.1% during the fourth quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company’s stock worth $400,000 after purchasing an additional 383 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Standard Motor Products by 5.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,421 shares of the auto parts company’s stock worth $292,000 after buying an additional 446 shares during the period. GAMMA Investing LLC grew its stake in Standard Motor Products by 153.8% in the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock valued at $30,000 after buying an additional 549 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Standard Motor Products by 6.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company’s stock worth $332,000 after acquiring an additional 600 shares during the period. Finally, US Bancorp DE lifted its position in Standard Motor Products by 7.7% during the 3rd quarter. US Bancorp DE now owns 8,533 shares of the auto parts company’s stock worth $283,000 after acquiring an additional 608 shares during the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

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.