Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks Sells 1,722 Shares

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 1,722 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total value of $60,201.12. Following the completion of the sale, the executive vice president now directly owns 67,865 shares of the company’s stock, valued at approximately $2,372,560.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Standard Motor Products Price Performance

NYSE SMP opened at $34.02 on Wednesday. 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 stock has a market capitalization of $738.91 million, a PE ratio of 21.00 and a beta of 0.51. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71. The company has a 50 day moving average price of $32.11 and a two-hundred day moving average price of $31.00.

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

Standard Motor Products Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Azarias Capital Management L.P. acquired a new stake in Standard Motor Products in the 2nd quarter worth approximately $11,197,000. Royce & Associates LP lifted its stake in shares of Standard Motor Products by 6.0% in 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 during the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 period. Vanguard Group Inc. boosted its holdings in shares of Standard Motor Products by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company’s stock worth $48,403,000 after buying an additional 49,905 shares during the period. Finally, Bank of Montreal Can acquired a new position in Standard Motor Products in the 2nd quarter valued at $1,029,000. Institutional investors and hedge funds 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.