UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.42 Million Stock Holdings in Standard Motor Products, Inc. (NYSE:SMP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Standard Motor Products, Inc. (NYSE:SMP) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,660 shares of the auto parts company’s stock after buying an additional 1,388 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Standard Motor Products worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SMP. Farther Finance Advisors LLC increased its position in Standard Motor Products by 20.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company’s stock valued at $82,000 after acquiring an additional 453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Standard Motor Products by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,900 shares of the auto parts company’s stock worth $369,000 after purchasing an additional 469 shares during the period. Barclays PLC grew its stake in shares of Standard Motor Products by 1.2% in the fourth quarter. Barclays PLC now owns 49,118 shares of the auto parts company’s stock worth $1,521,000 after purchasing an additional 596 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Standard Motor Products by 6.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 10,467 shares of the auto parts company’s stock valued at $324,000 after purchasing an additional 600 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in Standard Motor Products during the 4th quarter worth $30,000. Institutional investors own 81.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Insiders Place Their Bets

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total transaction of $299,336.00. Following the transaction, the executive vice president now directly owns 56,860 shares in the company, valued at approximately $1,546,592. This represents a 16.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Standard Motor Products Stock Performance

Shares of SMP stock opened at $29.68 on Monday. The stock has a market capitalization of $652.29 million, a PE ratio of 18.32 and a beta of 0.65. The business’s 50 day simple moving average is $26.59 and its 200 day simple moving average is $29.02. 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, Inc. has a one year low of $21.38 and a one year high of $35.92.

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

Standard Motor Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.24 dividend on an annualized basis and a yield of 4.18%. This is a boost from Standard Motor Products’s previous quarterly dividend of $0.29. Standard Motor Products’s dividend payout ratio is 88.57%.

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.