Royce & Associates LP Buys 73,476 Shares of Standard Motor Products, Inc. (NYSE:SMP)

Royce & Associates LP increased its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,295,997 shares of the auto parts company’s stock after purchasing an additional 73,476 shares during the quarter. Royce & Associates LP owned about 0.06% of Standard Motor Products worth $43,027,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund boosted its stake in Standard Motor Products by 3.1% in the first quarter. Illinois Municipal Retirement Fund now owns 10,807 shares of the auto parts company’s stock valued at $363,000 after acquiring an additional 328 shares during the last quarter. GAMMA Investing LLC boosted its stake in Standard Motor Products by 153.8% in the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 549 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Standard Motor Products by 6.4% in the third quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company’s stock valued at $332,000 after acquiring an additional 600 shares during the last quarter. US Bancorp DE boosted its stake in Standard Motor Products by 7.7% in the third quarter. US Bancorp DE now owns 8,533 shares of the auto parts company’s stock valued at $283,000 after acquiring an additional 608 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Standard Motor Products by 3.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,396 shares of the auto parts company’s stock valued at $618,000 after acquiring an additional 634 shares during the last quarter. 81.26% of the stock is owned by institutional investors.

Standard Motor Products Price Performance

Shares of SMP stock opened at $33.98 on Friday. Standard Motor Products, Inc. has a 52-week low of $26.09 and a 52-week high of $41.71. The stock has a market cap of $738.05 million, a PE ratio of 20.98 and a beta of 0.51. 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 firm’s 50 day moving average price is $32.20 and its two-hundred day moving average price is $31.04.

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

Standard Motor Products Dividend Announcement

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

Insider Transactions at Standard Motor Products

In other Standard Motor Products news, EVP Dale Burks sold 1,722 shares of Standard Motor Products stock in a transaction 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 sale, the executive vice president now directly owns 67,865 shares in the company, valued at approximately $2,372,560.40. The trade was a 2.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nathan R. Iles sold 1,485 shares of Standard Motor Products stock in a transaction on Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $51,930.45. Following the completion of the sale, the chief financial officer now owns 29,015 shares in the company, valued at $1,014,654.55. The trade was a 4.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,454 shares of company stock valued at $225,701 over the last three months. 5.00% of the stock is currently owned by corporate insiders.

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.