Vanguard Group Inc. Boosts Stock Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Vanguard Group Inc. lifted its holdings in shares of Standard Motor Products, Inc. (NYSE:SMP) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,343,609 shares of the auto parts company’s stock after buying an additional 12,166 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Standard Motor Products worth $45,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in Standard Motor Products by 85.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 691 shares of the auto parts company’s stock valued at $26,000 after buying an additional 319 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in Standard Motor Products by 6.0% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 5,716 shares of the auto parts company’s stock valued at $215,000 after acquiring an additional 326 shares in the last quarter. Captrust Financial Advisors grew its stake in Standard Motor Products by 4.4% during the second quarter. Captrust Financial Advisors now owns 8,528 shares of the auto parts company’s stock valued at $320,000 after acquiring an additional 357 shares in the last quarter. Swiss National Bank increased its holdings in Standard Motor Products by 1.0% during the 2nd quarter. Swiss National Bank now owns 42,300 shares of the auto parts company’s stock worth $1,587,000 after acquiring an additional 400 shares during the period. Finally, Amalgamated Bank lifted its stake in Standard Motor Products by 5.6% in the 3rd quarter. Amalgamated Bank now owns 7,947 shares of the auto parts company’s stock worth $267,000 after purchasing an additional 421 shares in the last quarter. 81.26% of the stock is owned by institutional investors.

Standard Motor Products Stock Up 0.4 %

SMP stock opened at $34.14 on Wednesday. The company’s 50 day moving average is $34.98 and its 200 day moving average is $35.99. The stock has a market cap of $748.31 million, a price-to-earnings ratio of 22.17 and a beta of 0.61. The company has a current ratio of 2.45, a quick ratio of 0.78 and a debt-to-equity ratio of 0.23. Standard Motor Products, Inc. has a 1-year low of $30.09 and a 1-year high of $41.71.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.25). The company had revenue of $290.76 million during the quarter, compared to analysts’ expectations of $313.84 million. Standard Motor Products had a return on equity of 10.09% and a net margin of 2.51%. Sell-side analysts predict that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were paid a $0.29 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. Standard Motor Products’s dividend payout ratio is presently 75.32%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Standard Motor Products from a “hold” rating to a “buy” rating in a report on Friday, March 29th. TheStreet cut Standard Motor Products from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd.

About Standard Motor Products

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.