Geode Capital Management LLC Acquires 9,190 Shares of Standard Motor Products, Inc. (NYSE:SMP)

Geode Capital Management LLC raised its holdings in shares of Standard Motor Products, Inc. (NYSE:SMP) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 494,489 shares of the auto parts company’s stock after purchasing an additional 9,190 shares during the quarter. Geode Capital Management LLC’s holdings in Standard Motor Products were worth $15,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in shares of Standard Motor Products by 147.2% in the 4th quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 614 shares during the last quarter. FMR LLC increased its stake in Standard Motor Products by 64.6% during the third quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock worth $58,000 after acquiring an additional 685 shares during the last quarter. Farther Finance Advisors LLC raised its position in Standard Motor Products by 20.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company’s stock valued at $82,000 after purchasing an additional 453 shares during the period. Magnetar Financial LLC bought a new stake in shares of Standard Motor Products in the 4th quarter valued at approximately $244,000. Finally, Semanteon Capital Management LP purchased a new position in shares of Standard Motor Products in the 4th quarter worth approximately $289,000. 81.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Dale Burks sold 11,005 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total transaction of $299,336.00. Following the completion of the sale, the executive vice president now owns 56,860 shares in the company, valued at approximately $1,546,592. This represents a 16.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.00% of the stock is currently owned by company insiders.

Standard Motor Products Trading Up 1.6 %

SMP stock opened at $23.74 on Monday. Standard Motor Products, Inc. has a 12 month low of $21.38 and a 12 month high of $35.92. The firm’s 50-day moving average is $26.52 and its 200 day moving average is $29.94. The company has a market capitalization of $519.07 million, a PE ratio of 14.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings data on Thursday, February 27th. The auto parts company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. The company had revenue of $343.35 million during the quarter, compared to analyst estimates of $292.50 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. On average, research analysts anticipate that Standard Motor Products, Inc. will post 3.08 EPS for the current 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 4.89%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products’s dividend payout ratio (DPR) is currently 100.81%.

Wall Street Analysts Forecast Growth

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

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.