Zurcher Kantonalbank Zurich Cantonalbank Has $131,000 Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Standard Motor Products, Inc. (NYSE:SMP – Get Rating) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,770 shares of the auto parts company’s stock after purchasing an additional 581 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Standard Motor Products were worth $131,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in Standard Motor Products by 1.1% during the first quarter. BlackRock Inc. now owns 3,271,994 shares of the auto parts company’s stock worth $141,153,000 after acquiring an additional 37,157 shares in the last quarter. Royce & Associates LP raised its stake in Standard Motor Products by 1.6% during the third quarter. Royce & Associates LP now owns 1,472,870 shares of the auto parts company’s stock worth $47,868,000 after acquiring an additional 22,642 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Standard Motor Products by 2.8% during the first quarter. Vanguard Group Inc. now owns 1,385,563 shares of the auto parts company’s stock worth $59,773,000 after purchasing an additional 37,724 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Standard Motor Products by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,299,367 shares of the auto parts company’s stock worth $42,229,000 after purchasing an additional 36,855 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Standard Motor Products by 0.6% during the second quarter. State Street Corp now owns 800,519 shares of the auto parts company’s stock worth $36,015,000 after purchasing an additional 4,518 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SMP. TheStreet upgraded Standard Motor Products from a “c+” rating to a “b-” rating in a report on Tuesday, February 7th. StockNews.com assumed coverage on Standard Motor Products in a report on Thursday, March 16th. They set a “buy” rating on the stock. Finally, Roth Capital reiterated a “buy” rating on shares of Standard Motor Products in a report on Wednesday, February 22nd.

Standard Motor Products Price Performance

Shares of SMP opened at $36.74 on Tuesday. Standard Motor Products, Inc. has a 52-week low of $31.61 and a 52-week high of $48.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 2.50. The business’s 50 day moving average price is $36.44 and its two-hundred day moving average price is $37.37. The firm has a market cap of $796.19 million, a PE ratio of 17.01 and a beta of 0.56.

Standard Motor Products (NYSE:SMP – Get Rating) last issued its quarterly earnings results on Wednesday, May 3rd. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Standard Motor Products had a return on equity of 11.65% and a net margin of 3.47%. The firm had revenue of $328.10 million for the quarter, compared to analyst estimates of $328.90 million. During the same period in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Standard Motor Products, Inc. will post 3.5 EPS for the current year.

Standard Motor Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, May 12th. Standard Motor Products’s payout ratio is 53.70%.

Insider Transactions at Standard Motor Products

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

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.