Ray Nicholas Sells 613 Shares of Standard Motor Products, Inc. (NYSE:SMP) Stock

Standard Motor Products, Inc. (NYSE:SMP) VP Ray Nicholas sold 613 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $35.02, for a total value of $21,467.26. Following the completion of the transaction, the vice president now owns 51,115 shares of the company’s stock, valued at $1,790,047.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Standard Motor Products Stock Performance

Shares of Standard Motor Products stock opened at $33.84 on Thursday. The firm has a market cap of $735.00 million, a PE ratio of 20.89 and a beta of 0.51. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 week high of $41.71. The business’s fifty day simple moving average is $32.16 and its 200-day simple moving average is $31.02.

Standard Motor Products (NYSE:SMP) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $399.27 million for the quarter, compared to analysts’ expectations of $396.10 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. Standard Motor Products’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts forecast that Standard Motor Products, Inc. will post 3.03 earnings per share for the current year.

Standard Motor Products Dividend Announcement

The business also recently announced 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 of this dividend is Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 3.43%. Standard Motor Products’s dividend payout ratio (DPR) is presently 71.61%.

Institutional Trading of Standard Motor Products

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMP. Dimensional Fund Advisors LP increased its stake in Standard Motor Products by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,535,303 shares of the auto parts company’s stock worth $42,574,000 after purchasing an additional 8,070 shares during the period. Vanguard Group Inc. increased its stake in 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. Royce & Associates LP lifted its holdings in Standard Motor Products by 6.0% during 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 in the last quarter. Azarias Capital Management L.P. purchased a new position in Standard Motor Products in the 2nd quarter valued at approximately $11,197,000. Finally, American Century Companies Inc. grew its stake in shares of Standard Motor Products by 19.5% in the second quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock worth $9,399,000 after acquiring an additional 55,327 shares in the last quarter. Hedge funds and other institutional investors 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.