Foundry Partners LLC Purchases 10,360 Shares of Standard Motor Products, Inc. (NYSE:SMP)

Foundry Partners LLC increased its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 6.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,205 shares of the auto parts company’s stock after buying an additional 10,360 shares during the period. Foundry Partners LLC owned 0.76% of Standard Motor Products worth $5,485,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Azarias Capital Management L.P. bought a new stake in Standard Motor Products in the second quarter valued at $11,197,000. Royce & Associates LP increased its stake in Standard Motor Products by 6.0% in the third quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company’s stock valued at $43,027,000 after purchasing an additional 73,476 shares in the last quarter. American Century Companies Inc. increased 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 purchasing an additional 55,327 shares in the last quarter. Vanguard Group Inc. increased its stake in Standard Motor Products by 3.6% in the first 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 in the last quarter. Finally, Bank of Montreal Can bought a new stake in Standard Motor Products in the second quarter valued at $1,029,000. Institutional investors own 81.26% of the company’s stock.

Standard Motor Products Trading Up 1.4 %

SMP opened at $32.04 on Friday. The company has a market cap of $695.84 million, a P/E ratio of 19.78 and a beta of 0.51. The company has a fifty day moving average price of $32.26 and a two-hundred day moving average price of $31.03. Standard Motor Products, Inc. has a 1-year low of $26.09 and a 1-year 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.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The firm had revenue of $399.27 million during 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 revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share. Analysts predict that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio is currently 71.61%.

Insider Activity

In related news, CEO Eric Sills sold 1,721 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $60,183.37. Following the transaction, the chief executive officer now directly owns 175,651 shares in the company, valued at approximately $6,142,515.47. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Nathan R. Iles sold 1,485 shares of Standard Motor Products stock in a transaction dated Monday, November 11th. The stock was 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 directly owns 29,015 shares in the company, valued at approximately $1,014,654.55. This represents a 4.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,454 shares of company stock worth $225,701 over the last three months. 5.00% of the stock is currently owned by 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.