Standard Motor Products, Inc. (NYSE:SMP) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Standard Motor Products, Inc. (NYSE:SMP) by 143.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,032 shares of the auto parts company’s stock after purchasing an additional 28,311 shares during the period. BNP Paribas Financial Markets owned approximately 0.22% of Standard Motor Products worth $1,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of SMP. Raymond James Financial Inc. acquired a new position in shares of Standard Motor Products in the 4th quarter valued at $2,710,000. American Century Companies Inc. lifted its stake in shares of Standard Motor Products by 21.1% in the 4th quarter. American Century Companies Inc. now owns 497,258 shares of the auto parts company’s stock valued at $15,405,000 after purchasing an additional 86,640 shares during the last quarter. Algert Global LLC acquired a new position in shares of Standard Motor Products in the 4th quarter valued at $2,524,000. Bank of New York Mellon Corp lifted its stake in shares of Standard Motor Products by 26.7% in the 4th quarter. Bank of New York Mellon Corp now owns 331,078 shares of the auto parts company’s stock valued at $10,257,000 after purchasing an additional 69,717 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Standard Motor Products by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,655,886 shares of the auto parts company’s stock valued at $51,299,000 after purchasing an additional 69,000 shares during the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Stock Performance

NYSE SMP opened at $29.78 on Monday. The company has a market cap of $654.59 million, a P/E ratio of 18.38 and a beta of 0.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. The stock has a 50-day moving average of $25.52 and a two-hundred day moving average of $29.44. Standard Motor Products, Inc. has a 1-year low of $21.38 and a 1-year high of $35.92.

Standard Motor Products (NYSE:SMP) last released its earnings results on Wednesday, April 30th. The auto parts company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.37. The company had revenue of $413.38 million during the quarter, compared to the consensus estimate of $394.38 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. Standard Motor Products’s revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. As a group, analysts anticipate that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a $0.31 dividend. This is an increase from Standard Motor Products’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Thursday, May 15th. Standard Motor Products’s payout ratio is currently 88.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Insider Buying and Selling at Standard Motor Products

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total value of $299,336.00. Following the sale, the executive vice president now owns 56,860 shares of the company’s stock, valued at $1,546,592. This trade represents a 16.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is currently owned by corporate insiders.

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.