Yousif Capital Management LLC Has $314,000 Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Yousif Capital Management LLC lessened its stake in Standard Motor Products, Inc. (NYSE:SMPFree Report) by 7.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,347 shares of the auto parts company’s stock after selling 770 shares during the quarter. Yousif Capital Management LLC’s holdings in Standard Motor Products were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Standard Motor Products by 1.2% in the second quarter. BlackRock Inc. now owns 3,307,078 shares of the auto parts company’s stock valued at $124,082,000 after buying an additional 38,118 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Standard Motor Products by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,448,960 shares of the auto parts company’s stock valued at $54,366,000 after buying an additional 41,093 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Standard Motor Products by 2.8% in the first quarter. Vanguard Group Inc. now owns 1,385,563 shares of the auto parts company’s stock valued at $59,773,000 after buying an additional 37,724 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Standard Motor Products by 1.9% in the second quarter. William Blair Investment Management LLC now owns 1,034,234 shares of the auto parts company’s stock valued at $38,804,000 after buying an additional 19,207 shares during the period. Finally, State Street Corp lifted its position in shares of Standard Motor Products by 1.2% in the first quarter. State Street Corp now owns 826,442 shares of the auto parts company’s stock worth $30,504,000 after purchasing an additional 9,445 shares in the last quarter. Institutional investors and hedge funds own 77.05% of the company’s stock.

Insiders Place Their Bets

In other Standard Motor Products news, VP Ray Nicholas sold 1,242 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $34.87, for a total transaction of $43,308.54. Following the sale, the vice president now directly owns 47,203 shares of the company’s stock, valued at $1,645,968.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Standard Motor Products news, VP Ray Nicholas sold 1,242 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $34.87, for a total transaction of $43,308.54. Following the sale, the vice president now directly owns 47,203 shares of the company’s stock, valued at $1,645,968.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nathan R. Iles sold 1,820 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $34.86, for a total transaction of $63,445.20. Following the completion of the transaction, the chief financial officer now owns 24,028 shares in the company, valued at $837,616.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,652 shares of company stock valued at $300,720. 6.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SMP shares. TheStreet raised shares of Standard Motor Products from a “c+” rating to a “b-” rating in a research report on Wednesday, December 20th. StockNews.com raised shares of Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 30th.

Read Our Latest Report on Standard Motor Products

Standard Motor Products Stock Performance

NYSE SMP opened at $40.40 on Thursday. The company has a current ratio of 2.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $38.93 and its two-hundred day moving average price is $36.57. Standard Motor Products, Inc. has a 1 year low of $30.15 and a 1 year high of $42.42. The firm has a market capitalization of $877.89 million, a P/E ratio of 25.09 and a beta of 0.65.

Standard Motor Products Profile

(Free Report)

Standard Motor Products, Inc manufactures and distributes automotive parts that are used in the maintenance, repair, and service of vehicles in the automotive aftermarket industry in the United States and internationally. The company's Engine Management segment provides electronic ignition control modules, camshaft and crankshaft position sensors, ignition wires and coils, switches and relays, exhaust gas recirculation valves, pressure and temperature sensors, variable valve timing components, mass airflow and fuel pressure sensors, electronic throttle bodies, and diesel injectors and pumps; and anti-lock brake, vehicle speed, tire pressure monitoring, and park assist sensors.

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Institutional Ownership by Quarter for Standard Motor Products (NYSE:SMP)

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