Dale Burks Sells 1,722 Shares of Standard Motor Products, Inc. (NYSE:SMP) Stock

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 1,722 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $34.96, for a total transaction of $60,201.12. Following the completion of the transaction, the executive vice president now owns 67,865 shares of the company’s stock, valued at approximately $2,372,560.40. The trade was 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 hyperlink.

Standard Motor Products Trading Down 0.5 %

Shares of Standard Motor Products stock opened at $33.84 on Thursday. Standard Motor Products, Inc. has a fifty-two week low of $26.09 and a fifty-two week high of $41.71. 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 company has a market capitalization of $735.00 million, a P/E ratio of 20.89 and a beta of 0.51. The company has a fifty day moving average of $32.16 and a 200 day moving average of $31.02.

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

Standard Motor Products Announces Dividend

The business also recently disclosed 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. This represents a $1.16 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s payout ratio is currently 71.61%.

Hedge Funds Weigh In On Standard Motor Products

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC boosted its stake in Standard Motor Products by 47.1% during the third quarter. Rice Hall James & Associates LLC now owns 99,345 shares of the auto parts company’s stock valued at $3,298,000 after buying an additional 31,826 shares during the last quarter. Cornercap Investment Counsel Inc. raised its holdings in shares of Standard Motor Products by 83.4% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 48,025 shares of the auto parts company’s stock worth $1,332,000 after acquiring an additional 21,843 shares in the last quarter. Azarias Capital Management L.P. bought a new position in shares of Standard Motor Products during the 2nd quarter valued at approximately $11,197,000. International Assets Investment Management LLC grew its holdings in shares of Standard Motor Products by 3,237.5% in the third quarter. International Assets Investment Management LLC now owns 4,005 shares of the auto parts company’s stock valued at $121,000 after purchasing an additional 3,885 shares in the last quarter. Finally, CWM LLC increased its position in Standard Motor Products by 3.5% in the third quarter. CWM LLC now owns 24,944 shares of the auto parts company’s stock worth $828,000 after purchasing an additional 833 shares during the last quarter. 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.