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

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 shares were sold at an average price of $35.02, for a total value of $21,467.26. Following the transaction, the vice president now owns 51,115 shares of the company’s stock, valued at $1,790,047.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Standard Motor Products Stock Performance

Standard Motor Products stock opened at $34.02 on Wednesday. The company’s 50-day moving average price is $32.11 and its 200-day moving average price is $31.00. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The company has a market cap of $738.91 million, a PE ratio of 21.00 and a beta of 0.51. Standard Motor Products, Inc. has a twelve month low of $26.09 and a twelve month high of $41.71.

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 for the quarter, topping the consensus estimate 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 return on equity of 10.42% and a net margin of 2.56%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. On average, equities research analysts forecast that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SMP. Azarias Capital Management L.P. bought a new stake in shares of Standard Motor Products in the 2nd quarter worth about $11,197,000. Royce & Associates LP boosted its position in shares of Standard Motor Products by 6.0% during 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 buying an additional 73,476 shares during the period. American Century Companies Inc. grew its stake in shares of Standard Motor Products by 19.5% during 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 buying an additional 55,327 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 worth $48,403,000 after buying an additional 49,905 shares during the period. Finally, Bank of Montreal Can purchased a new position in Standard Motor Products during the 2nd quarter valued at $1,029,000. 81.26% of the stock is owned by hedge funds and other institutional investors.

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.