Cwm LLC Sells 2,015 Shares of Standard Motor Products, Inc. (NYSE:SMP)

Cwm LLC decreased its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,400 shares of the auto parts company’s stock after selling 2,015 shares during the quarter. Cwm LLC’s holdings in Standard Motor Products were worth $1,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SMP. Pacer Advisors Inc. bought a new position in Standard Motor Products during the 4th quarter worth approximately $38,215,000. Invesco Ltd. lifted its stake in Standard Motor Products by 73.4% in the third quarter. Invesco Ltd. now owns 216,723 shares of the auto parts company’s stock valued at $7,286,000 after buying an additional 91,730 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in Standard Motor Products in the third quarter valued at approximately $2,536,000. Assenagon Asset Management S.A. lifted its stake in Standard Motor Products by 76.0% in the third quarter. Assenagon Asset Management S.A. now owns 173,691 shares of the auto parts company’s stock valued at $5,839,000 after buying an additional 74,989 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Standard Motor Products by 98.4% in the third quarter. AQR Capital Management LLC now owns 149,067 shares of the auto parts company’s stock valued at $5,012,000 after buying an additional 73,937 shares in the last quarter. Institutional investors own 81.26% of the company’s stock.

Standard Motor Products Stock Performance

Shares of SMP opened at $32.46 on Friday. The firm’s 50 day moving average price is $32.84 and its two-hundred day moving average price is $35.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.78 and a current ratio of 2.45. The firm has a market cap of $732.95 million, a P/E ratio of 21.08 and a beta of 0.61. Standard Motor Products, Inc. has a twelve month low of $30.09 and a twelve month high of $41.71.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data 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 business had revenue of $290.76 million during the quarter, compared to the consensus estimate of $313.84 million. Standard Motor Products had a return on equity of 10.09% and a net margin of 2.51%. On average, analysts forecast that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, February 14th. Standard Motor Products’s dividend payout ratio is presently 75.33%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SMP. TheStreet lowered shares of Standard Motor Products from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. StockNews.com raised shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Friday, March 29th.

Standard Motor Products Company Profile

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.