Semanteon Capital Management LP Makes New $289,000 Investment in Standard Motor Products, Inc. (NYSE:SMP)

Semanteon Capital Management LP purchased a new position in shares of Standard Motor Products, Inc. (NYSE:SMP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,326 shares of the auto parts company’s stock, valued at approximately $289,000.

A number of other hedge funds also recently modified their holdings of the business. Inspire Investing LLC raised its position in shares of Standard Motor Products by 3.1% during the fourth quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company’s stock worth $400,000 after purchasing an additional 383 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Standard Motor Products by 5.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,421 shares of the auto parts company’s stock worth $292,000 after purchasing an additional 446 shares during the period. Farther Finance Advisors LLC raised its position in shares of 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 worth $82,000 after purchasing an additional 453 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Standard Motor Products by 6.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,467 shares of the auto parts company’s stock worth $324,000 after purchasing an additional 600 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Standard Motor Products by 147.2% during the fourth quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 614 shares during the period. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Stock Down 3.0 %

Shares of Standard Motor Products stock opened at $25.71 on Friday. The business’s 50 day simple moving average is $29.72 and its 200 day simple moving average is $31.31. Standard Motor Products, Inc. has a 52-week low of $25.66 and a 52-week high of $35.92. The firm has a market cap of $562.16 million, a PE 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 (NYSE:SMP) last announced its earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $292.50 million. On average, analysts predict that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Announces Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling 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 that occurred on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total value of $299,336.00. Following the completion of the transaction, the executive vice president now directly owns 56,860 shares in the company, valued at $1,546,592. This trade represents a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.00% of the company’s stock.

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.