Standard Motor Products, Inc. (NYSE:SMP) CFO Sells $51,930.45 in Stock

Standard Motor Products, Inc. (NYSE:SMP) CFO Nathan R. Iles sold 1,485 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.97, for a total value of $51,930.45. Following the completion of the transaction, the chief financial officer now directly owns 29,015 shares of the company’s stock, valued at approximately $1,014,654.55. This trade represents a 4.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Standard Motor Products Price Performance

Standard Motor Products stock opened at $33.98 on Friday. The firm’s fifty day moving average is $32.20 and its 200 day moving average is $31.04. Standard Motor Products, Inc. has a 52-week low of $26.09 and a 52-week high of $41.71. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The company has a market cap of $738.05 million, a price-to-earnings ratio of 20.98 and a beta of 0.51.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. The business had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. Sell-side analysts forecast that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. Standard Motor Products’s dividend payout ratio is currently 71.61%.

Institutional Investors Weigh In On Standard Motor Products

Several hedge funds have recently bought and sold shares of SMP. Azarias Capital Management L.P. acquired a new position in Standard Motor Products in the 2nd quarter valued at $11,197,000. Royce & Associates LP grew its position in shares of Standard Motor Products by 6.0% during the third quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company’s stock worth $43,027,000 after buying an additional 73,476 shares in the last quarter. American Century Companies Inc. lifted its holdings in Standard Motor Products by 19.5% during the 2nd quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock worth $9,399,000 after buying an additional 55,327 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Standard Motor Products by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company’s stock valued at $48,403,000 after buying an additional 49,905 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in Standard Motor Products during the second quarter worth approximately $1,029,000. Hedge funds and other institutional investors own 81.26% of the company’s stock.

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.