2,198 Shares in Standard Motor Products, Inc. (NYSE:SMP) Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC bought a new stake in shares of Standard Motor Products, Inc. (NYSE:SMP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,198 shares of the auto parts company’s stock, valued at approximately $73,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Innealta Capital LLC acquired a new stake in Standard Motor Products during the 2nd quarter valued at approximately $25,000. Gladius Capital Management LP acquired a new stake in shares of Standard Motor Products during the second quarter worth approximately $30,000. GAMMA Investing LLC grew its position in shares of Standard Motor Products by 153.8% during the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after buying an additional 549 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Standard Motor Products in the third quarter worth $83,000. Finally, International Assets Investment Management LLC raised its holdings in Standard Motor Products by 3,237.5% in the third quarter. International Assets Investment Management LLC now owns 4,005 shares of the auto parts company’s stock valued at $121,000 after acquiring an additional 3,885 shares in the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.

Standard Motor Products Trading Down 1.8 %

NYSE SMP opened at $34.02 on Wednesday. The company’s fifty day moving average price is $32.11 and its two-hundred day moving average price is $31.00. The company has a market capitalization of $738.98 million, a price-to-earnings ratio of 21.00 and a beta of 0.51. Standard Motor Products, Inc. has a 12 month low of $26.09 and a 12 month high of $41.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business had revenue of $399.27 million during the quarter, compared to the consensus estimate of $396.10 million. During the same period last year, the firm earned $1.11 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Standard Motor Products, Inc. will post 3.03 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Standard Motor Products’s dividend payout ratio (DPR) is 71.60%.

Insider Activity at Standard Motor Products

In other Standard Motor Products news, CFO Nathan R. Iles sold 1,485 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $51,930.45. Following the completion of the sale, the chief financial officer now owns 29,015 shares in the company, valued at $1,014,654.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Standard Motor Products news, CFO Nathan R. Iles sold 1,485 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total value of $51,930.45. Following the transaction, the chief financial officer now owns 29,015 shares of the company’s stock, valued at $1,014,654.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Carmine Joseph Broccole sold 913 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total value of $31,918.48. Following the transaction, the insider now directly owns 81,241 shares of the company’s stock, valued at $2,840,185.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,454 shares of company stock valued at $225,701. Corporate insiders own 5.00% of the company’s stock.

Standard Motor Products 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.