Standard Motor Products, Inc. (NYSE:SMP) EVP Sells $135,552.00 in Stock

Standard Motor Products, Inc. (NYSE:SMP – Get Rating) EVP Dale Burks sold 3,530 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $38.40, for a total value of $135,552.00. Following the completion of the transaction, the executive vice president now directly owns 48,219 shares in the company, valued at $1,851,609.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Standard Motor Products Stock Down 3.3 %

Shares of SMP opened at $37.28 on Friday. The company has a market capitalization of $804.88 million, a price-to-earnings ratio of 14.97 and a beta of 0.56. Standard Motor Products, Inc. has a 52 week low of $31.61 and a 52 week high of $48.24. The stock’s 50-day moving average price is $38.74 and its 200-day moving average price is $37.10. The company has a quick ratio of 0.72, a current ratio of 2.36 and a debt-to-equity ratio of 0.30.

Standard Motor Products (NYSE:SMP – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The auto parts company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.52 by $0.17. The business had revenue of $308.20 million for 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 business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. On average, sell-side analysts predict that Standard Motor Products, Inc. will post 3.63 EPS for the current year.

Standard Motor Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were issued a $0.29 dividend. This is a boost from Standard Motor Products’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. Standard Motor Products’s payout ratio is presently 46.59%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Standard Motor Products by 1.1% in the 1st quarter. BlackRock Inc. now owns 3,271,994 shares of the auto parts company’s stock valued at $141,153,000 after purchasing an additional 37,157 shares in the last quarter. Royce & Associates LP grew its holdings in Standard Motor Products by 1.6% in the third quarter. Royce & Associates LP now owns 1,472,870 shares of the auto parts company’s stock valued at $47,868,000 after purchasing an additional 22,642 shares during the period. Vanguard Group Inc. increased its position in shares of Standard Motor Products by 2.8% in the first quarter. Vanguard Group Inc. now owns 1,385,563 shares of the auto parts company’s stock valued at $59,773,000 after buying an additional 37,724 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Standard Motor Products by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,369,960 shares of the auto parts company’s stock worth $47,675,000 after buying an additional 70,593 shares during the period. Finally, State Street Corp lifted its position in shares of Standard Motor Products by 0.6% during the 2nd quarter. State Street Corp now owns 800,519 shares of the auto parts company’s stock valued at $36,015,000 after buying an additional 4,518 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

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

About Standard Motor Products

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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.