Insider Selling: Standard Motor Products, Inc. (NYSE:SMP) CEO Sells 1,721 Shares of Stock

Standard Motor Products, Inc. (NYSE:SMP) CEO Eric Sills sold 1,721 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $34.97, for a total transaction of $60,183.37. Following the completion of the transaction, the chief executive officer now directly owns 175,651 shares in the company, valued at $6,142,515.47. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Standard Motor Products Stock Performance

NYSE SMP 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 company has a 50-day simple moving average of $32.20 and a 200 day simple moving average of $31.04. The company has a market capitalization 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.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.19. The business 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%. Standard Motor Products’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 earnings per share. On average, research analysts predict that Standard Motor Products, Inc. will post 3.03 EPS for the current year.

Standard Motor Products Announces Dividend

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 given a dividend of $0.29 per share. 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%.

Hedge Funds Weigh In On Standard Motor Products

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Standard Motor Products by 0.5% during 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 purchasing an additional 8,070 shares during the period. Vanguard Group Inc. increased its holdings 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 worth $48,403,000 after acquiring an additional 49,905 shares during the period. Royce & Associates LP boosted its holdings in 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 valued at $43,027,000 after purchasing an additional 73,476 shares during the period. Azarias Capital Management L.P. purchased a new stake in shares of Standard Motor Products in the second quarter worth $11,197,000. Finally, American Century Companies Inc. boosted its stake in 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 period. Hedge funds and other institutional investors own 81.26% of the company’s stock.

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.