Standard Motor Products, Inc. (NYSE:SMP) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its position in Standard Motor Products, Inc. (NYSE:SMP) by 58.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,198 shares of the auto parts company’s stock after acquiring an additional 6,706 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Standard Motor Products were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. State Street Corp boosted its holdings in shares of Standard Motor Products by 2.6% in the third quarter. State Street Corp now owns 783,593 shares of the auto parts company’s stock valued at $26,015,000 after acquiring an additional 19,652 shares during the period. Geode Capital Management LLC raised its stake in shares of Standard Motor Products by 5.9% during the third quarter. Geode Capital Management LLC now owns 485,299 shares of the auto parts company’s stock worth $16,115,000 after purchasing an additional 27,210 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Standard Motor Products by 26.7% during the fourth quarter. Bank of New York Mellon Corp now owns 331,078 shares of the auto parts company’s stock worth $10,257,000 after purchasing an additional 69,717 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Standard Motor Products by 0.5% during the third quarter. HighTower Advisors LLC now owns 192,227 shares of the auto parts company’s stock worth $6,339,000 after purchasing an additional 958 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Standard Motor Products during the third quarter worth approximately $3,876,000. 81.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Insider Activity at Standard Motor Products

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total value of $299,336.00. Following the sale, the executive vice president now directly owns 56,860 shares of the company’s stock, valued at approximately $1,546,592. This trade represents a 16.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Standard Motor Products Trading Down 3.0 %

NYSE:SMP opened at $25.71 on Friday. The stock has a fifty day moving average price of $29.72 and a two-hundred day moving average price of $31.31. The stock has a market capitalization of $562.16 million, a price-to-earnings ratio of 15.87 and a beta of 0.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. Standard Motor Products, Inc. has a 1 year low of $25.66 and a 1 year high of $35.92.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business had revenue of $343.35 million during the quarter, compared to analysts’ expectations of $292.50 million. As a group, sell-side analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Friday, February 14th. Standard Motor Products’s payout ratio is currently 100.81%.

Standard Motor Products 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.