Standard Motor Products, Inc. (NYSE:SMP) Shares Acquired by Fmr LLC

Fmr LLC grew its position in Standard Motor Products, Inc. (NYSE:SMP) by 64.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,745 shares of the auto parts company’s stock after purchasing an additional 685 shares during the period. Fmr LLC’s holdings in Standard Motor Products were worth $58,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SMP. Royce & Associates LP increased its position in Standard Motor Products by 6.0% in the 3rd quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company’s stock valued at $43,027,000 after acquiring an additional 73,476 shares during the period. American Century Companies Inc. grew its stake in shares of Standard Motor Products by 19.5% in the second quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock worth $9,399,000 after purchasing an additional 55,327 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Standard Motor Products during the second quarter valued at $1,029,000. Rice Hall James & Associates LLC raised its stake in shares of Standard Motor Products by 47.1% during the third quarter. Rice Hall James & Associates LLC now owns 99,345 shares of the auto parts company’s stock valued at $3,298,000 after purchasing an additional 31,826 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Standard Motor Products by 274.6% in the third quarter. Intech Investment Management LLC now owns 37,119 shares of the auto parts company’s stock worth $1,232,000 after purchasing an additional 27,210 shares during the period. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Stock Performance

Shares of SMP opened at $31.10 on Wednesday. The firm has a market capitalization of $675.55 million, a PE ratio of 19.20 and a beta of 0.52. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $32.46 and a 200 day moving average price of $31.32. Standard Motor Products, Inc. has a 52-week low of $26.09 and a 52-week high of $41.71.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.19. The business had revenue of $399.27 million during the quarter, compared to analysts’ expectations of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. On average, sell-side analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, November 15th. Standard Motor Products’s dividend payout ratio is presently 71.60%.

Insider Activity

In related news, insider Carmine Joseph Broccole sold 913 shares of the business’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 sale, the insider now directly owns 81,241 shares in the company, valued at $2,840,185.36. The trade was a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Nathan R. Iles sold 1,485 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 29,015 shares of the company’s stock, valued at approximately $1,014,654.55. This represents a 4.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,184 shares of company stock worth $387,041 over the last 90 days. 5.00% of the stock is currently owned by company insiders.

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.