Campbell & CO Investment Adviser LLC Purchases 9,007 Shares of Standard Motor Products, Inc. $SMP

Campbell & CO Investment Adviser LLC lifted its position in Standard Motor Products, Inc. (NYSE:SMP) by 40.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,163 shares of the auto parts company’s stock after purchasing an additional 9,007 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Standard Motor Products were worth $957,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in Standard Motor Products in the 1st quarter worth approximately $1,964,000. Gamco Investors INC. ET AL grew its position in Standard Motor Products by 10.1% during the first quarter. Gamco Investors INC. ET AL now owns 790,210 shares of the auto parts company’s stock valued at $19,700,000 after acquiring an additional 72,753 shares during the last quarter. Jane Street Group LLC grew its position in Standard Motor Products by 320.0% during the first quarter. Jane Street Group LLC now owns 64,037 shares of the auto parts company’s stock valued at $1,596,000 after acquiring an additional 48,790 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Standard Motor Products by 8.2% during the first quarter. American Century Companies Inc. now owns 538,266 shares of the auto parts company’s stock worth $13,419,000 after acquiring an additional 41,008 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Standard Motor Products by 46.6% in the 1st quarter. Algert Global LLC now owns 119,454 shares of the auto parts company’s stock worth $2,978,000 after acquiring an additional 37,991 shares during the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.

Standard Motor Products Stock Performance

Shares of NYSE:SMP opened at $38.14 on Friday. The company has a current ratio of 2.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $39.61 and a 200-day moving average price of $34.90. The company has a market cap of $838.93 million, a price-to-earnings ratio of 21.67 and a beta of 0.68. Standard Motor Products, Inc. has a 12 month low of $21.38 and a 12 month high of $42.13.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Friday, October 31st. The auto parts company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.22. Standard Motor Products had a return on equity of 12.98% and a net margin of 2.39%.The company had revenue of $498.84 million for the quarter, compared to the consensus estimate of $503.33 million. As a group, equities analysts anticipate that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, November 14th. Standard Motor Products’s dividend payout ratio is currently 88.57%.

Insiders Place Their Bets

In related news, CEO Eric Sills sold 1,531 shares of Standard Motor Products stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $38.26, for a total value of $58,576.06. Following the sale, the chief executive officer owned 178,432 shares in the company, valued at $6,826,808.32. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Nathan R. Iles sold 1,356 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $38.30, for a total transaction of $51,934.80. Following the transaction, the chief financial officer directly owned 37,468 shares in the company, valued at approximately $1,435,024.40. The trade was a 3.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,802 shares of company stock worth $260,590. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on SMP shares. Roth Capital reaffirmed a “buy” rating and set a $49.00 target price on shares of Standard Motor Products in a report on Monday, November 3rd. Zacks Research upgraded shares of Standard Motor Products from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Wall Street Zen raised Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Standard Motor Products in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Standard Motor Products currently has an average rating of “Buy” and an average price target of $49.00.

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.