Insider Selling: Standard Motor Products, Inc. (NYSE:SMP) VP Sells 613 Shares of Stock

Standard Motor Products, Inc. (NYSE:SMP) VP Ray Nicholas sold 613 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $35.02, for a total transaction of $21,467.26. Following the completion of the sale, the vice president now directly owns 51,115 shares in the company, valued at approximately $1,790,047.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Standard Motor Products Trading Down 0.5 %

Shares of NYSE:SMP opened at $33.84 on Thursday. The company has a market cap of $735.00 million, a PE ratio of 20.89 and a beta of 0.51. The company’s 50 day moving average is $32.16 and its two-hundred day moving average is $31.02. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 week high of $41.71. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

Standard Motor Products (NYSE:SMP) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. The firm had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. Standard Motor Products’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. Equities 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 firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s payout ratio is 71.61%.

Hedge Funds Weigh In On Standard Motor Products

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMP. Rice Hall James & Associates LLC boosted its stake in Standard Motor Products by 47.1% in 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 acquiring an additional 31,826 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its holdings in shares of Standard Motor Products by 83.4% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 48,025 shares of the auto parts company’s stock valued at $1,332,000 after purchasing an additional 21,843 shares during the last quarter. Azarias Capital Management L.P. acquired a new stake in shares of Standard Motor Products in the 2nd quarter valued at about $11,197,000. International Assets Investment Management LLC grew its stake in Standard Motor Products by 3,237.5% during the 3rd quarter. International Assets Investment Management LLC now owns 4,005 shares of the auto parts company’s stock worth $121,000 after buying an additional 3,885 shares during the last quarter. Finally, CWM LLC increased its position in Standard Motor Products by 3.5% during the third quarter. CWM LLC now owns 24,944 shares of the auto parts company’s stock worth $828,000 after buying an additional 833 shares during the period. 81.26% of the stock is owned by institutional investors and hedge funds.

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.