Tudor Investment Corp Et Al Invests $270,000 in Standard Motor Products, Inc. (NYSE:SMP)

Tudor Investment Corp Et Al purchased a new position in shares of Standard Motor Products, Inc. (NYSE:SMPGet Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,317 shares of the auto parts company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in shares of Standard Motor Products during the 3rd quarter worth approximately $55,000. Captrust Financial Advisors lifted its stake in Standard Motor Products by 47.4% in the 1st quarter. Captrust Financial Advisors now owns 2,217 shares of the auto parts company’s stock valued at $96,000 after purchasing an additional 713 shares during the last quarter. Quantbot Technologies LP bought a new position in Standard Motor Products in the 2nd quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Standard Motor Products by 55.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the auto parts company’s stock valued at $104,000 after purchasing an additional 1,132 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Standard Motor Products by 15.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,190 shares of the auto parts company’s stock valued at $144,000 after acquiring an additional 433 shares during the period. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SMP. Roth Capital restated a “buy” rating on shares of Standard Motor Products in a research report on Wednesday, February 22nd. StockNews.com upgraded shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Monday, February 6th. Finally, TheStreet upgraded shares of Standard Motor Products from a “c+” rating to a “b-” rating in a research report on Tuesday, February 7th.

Standard Motor Products Stock Down 0.5 %

Standard Motor Products stock opened at $38.56 on Friday. Standard Motor Products, Inc. has a 1-year low of $31.61 and a 1-year high of $48.24. The firm has a market capitalization of $832.51 million, a price-to-earnings ratio of 15.49 and a beta of 0.56. The firm’s fifty day moving average price is $38.69 and its two-hundred day moving average price is $37.12. The company has a current ratio of 2.36, a quick ratio of 0.72 and a debt-to-equity ratio of 0.30.

Standard Motor Products (NYSE:SMPGet Rating) last released its quarterly earnings results on Wednesday, February 22nd. The auto parts company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. Standard Motor Products had a net margin of 4.03% and a return on equity of 12.87%. The company had revenue of $308.20 million for the quarter, compared to analyst estimates of $322.49 million. During the same period last year, the firm earned $0.90 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, equities research analysts predict that Standard Motor Products, Inc. will post 3.63 earnings per share for the current fiscal year.

Standard Motor Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, February 14th. This is an increase from Standard Motor Products’s previous quarterly dividend of $0.27. Standard Motor Products’s dividend payout ratio (DPR) is 46.59%.

Insider Transactions at Standard Motor Products

In related news, insider Thomas Tesoro sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $38.62, for a total transaction of $38,620.00. Following the completion of the transaction, the insider now owns 17,566 shares of the company’s stock, valued at $678,398.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Standard Motor Products news, insider Thomas Tesoro sold 1,000 shares of Standard Motor Products stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $38.62, for a total transaction of $38,620.00. Following the completion of the sale, the insider now directly owns 17,566 shares in the company, valued at $678,398.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dale Burks sold 3,530 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $38.40, for a total transaction of $135,552.00. Following the completion of the sale, the executive vice president now owns 48,219 shares of the company’s stock, valued at $1,851,609.60. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Standard Motor Products Company Profile

(Get Rating)

Standard Motor Products, Inc engages in the manufacture, distribution, and market of replacement parts for motor vehicles in the automotive aftermarket industry. It operates through the following segments: Engine Management, Temperature Control, and All Other. The Engine Management segment produces and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems.

Further Reading

Institutional Ownership by Quarter for Standard Motor Products (NYSE:SMP)

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