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

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

Standard Motor Products Stock Down 1.8 %

NYSE SMP opened at $34.02 on Wednesday. The stock has a fifty day moving average of $32.11 and a 200-day moving average of $31.00. The stock has a market capitalization of $738.91 million, a P/E ratio of 21.00 and a beta of 0.51. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 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.

Standard Motor Products (NYSE:SMP) last posted its earnings results 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 firm had revenue of $399.27 million for 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 company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company 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 year.

Standard Motor Products Announces Dividend

The business also recently announced 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products’s dividend payout ratio is currently 71.61%.

Hedge Funds Weigh In On Standard Motor Products

Institutional investors have recently bought and sold shares of the business. Illinois Municipal Retirement Fund grew its position in shares of Standard Motor Products by 3.1% in the first quarter. Illinois Municipal Retirement Fund now owns 10,807 shares of the auto parts company’s stock valued at $363,000 after purchasing an additional 328 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Standard Motor Products by 153.8% during the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after buying an additional 549 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Standard Motor Products by 6.4% during the third quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company’s stock worth $332,000 after buying an additional 600 shares in the last quarter. US Bancorp DE increased its holdings in shares of Standard Motor Products by 7.7% during the third quarter. US Bancorp DE now owns 8,533 shares of the auto parts company’s stock worth $283,000 after buying an additional 608 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Standard Motor Products by 4.0% in the third quarter. Thrivent Financial for Lutherans now owns 16,198 shares of the auto parts company’s stock valued at $538,000 after purchasing an additional 624 shares during the period. Institutional investors and hedge funds 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.