15,428 Shares in Standard Motor Products, Inc. (NYSE:SMP) Bought by Engineers Gate Manager LP

Engineers Gate Manager LP acquired a new position in shares of Standard Motor Products, Inc. (NYSE:SMP – Get Rating) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 15,428 shares of the auto parts company’s stock, valued at approximately $501,000. Engineers Gate Manager LP owned about 0.07% of Standard Motor Products at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new position in Standard Motor Products during the 3rd quarter worth $55,000. Captrust Financial Advisors boosted its position in Standard Motor Products by 47.4% during the 1st quarter. Captrust Financial Advisors now owns 2,217 shares of the auto parts company’s stock worth $96,000 after acquiring an additional 713 shares during the period. Quantbot Technologies LP acquired a new position in Standard Motor Products during the 2nd quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Standard Motor Products by 55.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the auto parts company’s stock worth $104,000 after acquiring an additional 1,132 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in Standard Motor Products by 15.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 3,190 shares of the auto parts company’s stock worth $144,000 after acquiring an additional 433 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Standard Motor Products

In other news, insider Thomas Tesoro sold 1,000 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $38.62, for a total transaction of $38,620.00. Following the sale, the insider now directly owns 17,566 shares of the company’s stock, valued at $678,398.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Thomas Tesoro sold 1,000 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $38.62, for a total transaction of $38,620.00. Following the sale, the insider now directly owns 17,566 shares of the company’s stock, valued at $678,398.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dale Burks sold 3,530 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $38.40, for a total value of $135,552.00. Following the sale, the executive vice president now directly owns 48,219 shares in the company, valued at $1,851,609.60. The disclosure for this sale can be found here. 6.60% of the stock is owned by insiders.

Standard Motor Products Trading Down 3.3 %

Shares of Standard Motor Products stock opened at $37.28 on Friday. The company has a quick ratio of 0.72, a current ratio of 2.36 and a debt-to-equity ratio of 0.30. The firm has a market cap of $804.88 million, a price-to-earnings ratio of 14.97 and a beta of 0.56. The business has a fifty day simple moving average of $38.74 and a 200-day simple moving average of $37.10. Standard Motor Products, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $48.24.

Standard Motor Products (NYSE:SMP – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The auto parts company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.17. The business had revenue of $308.20 million during the quarter, compared to analyst estimates of $322.49 million. Standard Motor Products had a return on equity of 12.87% and a net margin of 4.03%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. On average, equities analysts forecast that Standard Motor Products, Inc. will post 3.63 EPS for the current fiscal year.

Standard Motor Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were given a dividend of $0.29 per share. The ex-dividend date was Tuesday, February 14th. This is a positive change from Standard Motor Products’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.11%. Standard Motor Products’s payout ratio is 46.59%.

Standard Motor Products Profile

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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.