GSA Capital Partners LLP Boosts Stock Position in Standard Motor Products, Inc. (NYSE:SMP)

GSA Capital Partners LLP increased its stake in Standard Motor Products, Inc. (NYSE:SMP) by 120.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,904 shares of the auto parts company’s stock after buying an additional 29,400 shares during the period. GSA Capital Partners LLP owned 0.25% of Standard Motor Products worth $1,344,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SMP. Raymond James Financial Inc. bought a new position in Standard Motor Products in the fourth quarter worth about $2,710,000. Algert Global LLC bought a new position in shares of Standard Motor Products during the fourth quarter valued at approximately $2,524,000. Vanguard Group Inc. increased its stake in shares of Standard Motor Products by 4.3% during the fourth 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 in the last quarter. Invesco Ltd. increased its stake in shares of Standard Motor Products by 32.5% during the fourth quarter. Invesco Ltd. now owns 189,589 shares of the auto parts company’s stock valued at $5,873,000 after purchasing an additional 46,482 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Standard Motor Products by 474.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 52,407 shares of the auto parts company’s stock valued at $1,624,000 after purchasing an additional 43,287 shares in the last quarter. 81.26% of the stock is owned by institutional investors.

Standard Motor Products Trading Up 0.8%

NYSE:SMP opened at $32.33 on Thursday. The company’s 50 day moving average price is $31.24 and its 200-day moving average price is $28.98. Standard Motor Products, Inc. has a 52 week low of $21.38 and a 52 week high of $35.92. The company has a quick ratio of 0.86, a current ratio of 2.32 and a debt-to-equity ratio of 0.96. The stock has a market cap of $710.61 million, a price-to-earnings ratio of 23.09 and a beta of 0.65.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Wednesday, April 30th. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.37. Standard Motor Products had a net margin of 2.02% and a return on equity of 12.12%. The company had revenue of $413.38 million for the quarter, compared to analysts’ expectations of $394.38 million. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. On average, equities research analysts forecast that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Standard Motor Products from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 26th.

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.