Standard Motor Products, Inc. (NYSE:SMP) CFO Nathan R. Iles Sells 1,485 Shares of Stock

Standard Motor Products, Inc. (NYSE:SMP) CFO Nathan R. Iles sold 1,485 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.97, for a total value of $51,930.45. Following the completion of the transaction, the chief financial officer now owns 29,015 shares in the company, valued at approximately $1,014,654.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Standard Motor Products Stock Performance

Shares of NYSE:SMP opened at $34.02 on Wednesday. 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, Inc. has a one year low of $26.09 and a one year high of $41.71. The business’s 50-day simple moving average is $32.11 and its 200 day simple moving average is $31.00. The company has a market cap of $738.91 million, a P/E ratio of 21.00 and a beta of 0.51.

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

Standard Motor Products Dividend Announcement

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

Institutional Trading of Standard Motor Products

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Standard Motor Products during the first quarter worth $301,000. Illinois Municipal Retirement Fund increased its holdings in shares of Standard Motor Products by 3.1% during the 1st 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. Russell Investments Group Ltd. acquired a new position in shares of Standard Motor Products during the 1st quarter valued at about $205,000. SageView Advisory Group LLC bought a new stake in Standard Motor Products during the 1st quarter valued at approximately $222,000. Finally, Vanguard Group Inc. boosted 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 valued at $48,403,000 after purchasing an additional 49,905 shares during the period. Institutional investors 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.