Insider Selling: Standard Motor Products, Inc. (NYSE:SMP) Insider Sells 913 Shares of Stock

Standard Motor Products, Inc. (NYSE:SMP) insider Carmine Joseph Broccole sold 913 shares of Standard Motor Products stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.96, for a total value of $31,918.48. Following the sale, the insider now owns 81,241 shares of the company’s stock, valued at approximately $2,840,185.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Standard Motor Products Stock Down 2.6 %

SMP traded down $0.91 on Tuesday, hitting $33.73. The company had a trading volume of 37,880 shares, compared to its average volume of 155,691. The stock has a fifty day moving average price of $32.07 and a 200-day moving average price of $30.98. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The stock has a market capitalization of $732.68 million, a price-to-earnings ratio of 20.80 and a beta of 0.51.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.19. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm had revenue of $399.27 million for the quarter, compared to the consensus estimate of $396.10 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts predict that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 3.44%. Standard Motor Products’s dividend payout ratio (DPR) is presently 71.60%.

Hedge Funds Weigh In On Standard Motor Products

Several hedge funds and other institutional investors 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 worth approximately $11,197,000. Royce & Associates LP increased its holdings in Standard Motor Products by 6.0% in the 3rd 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 during the period. American Century Companies Inc. boosted its position in Standard Motor Products by 19.5% in the 2nd quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock worth $9,399,000 after purchasing an additional 55,327 shares in the last quarter. Vanguard Group Inc. boosted its position in 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 worth $48,403,000 after purchasing an additional 49,905 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in Standard Motor Products in the 2nd quarter worth approximately $1,029,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

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.