Carmine Joseph Broccole Sells 913 Shares of Standard Motor Products, Inc. (NYSE:SMP) Stock

Standard Motor Products, Inc. (NYSE:SMP) insider Carmine Joseph Broccole sold 913 shares of the company’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 transaction of $31,918.48. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Standard Motor Products Stock Down 0.5 %

Shares of SMP opened at $33.84 on Thursday. Standard Motor Products, Inc. has a 12 month low of $26.09 and a 12 month high of $41.71. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $735.00 million, a PE ratio of 20.89 and a beta of 0.51. The stock’s 50-day moving average price is $32.16 and its two-hundred day moving average price is $31.02.

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 for the quarter, topping 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 company had revenue of $399.27 million during the quarter, compared to analysts’ expectations of $396.10 million. During the same period 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. On average, analysts anticipate that Standard Motor Products, Inc. will post 3.03 EPS for the current year.

Standard Motor Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s payout ratio is 71.61%.

Hedge Funds Weigh In On Standard Motor Products

Several institutional investors have recently made changes to their positions in SMP. Dimensional Fund Advisors LP lifted its position in Standard Motor Products by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,535,303 shares of the auto parts company’s stock valued at $42,574,000 after acquiring an additional 8,070 shares in the last quarter. Vanguard Group Inc. grew its stake 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 valued at $48,403,000 after purchasing an additional 49,905 shares during the period. Royce & Associates LP boosted its holdings in shares of 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 last quarter. Azarias Capital Management L.P. bought a new stake in Standard Motor Products in the second quarter worth about $11,197,000. Finally, American Century Companies Inc. boosted its stake in 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 valued at $9,399,000 after acquiring an additional 55,327 shares during the last quarter. 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.