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 that occurred on Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $51,930.45. Following the completion of the transaction, the chief financial officer now owns 29,015 shares in the company, valued at $1,014,654.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Standard Motor Products Stock Performance

Shares of SMP stock opened at $33.84 on Thursday. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 week high of $41.71. The company has a market cap of $735.00 million, a PE ratio of 20.89 and a beta of 0.51. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $32.16 and its 200-day simple moving average is $31.02.

Standard Motor Products (NYSE:SMP) last released its quarterly 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. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm had revenue of $399.27 million for the quarter, compared to the consensus estimate of $396.10 million. During the same quarter in the previous year, the firm posted $1.11 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Standard Motor Products, Inc. will post 3.03 EPS for the current year.

Standard Motor Products Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products’s payout ratio is currently 71.61%.

Institutional Trading of Standard Motor Products

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in Standard Motor Products during the first quarter valued at $301,000. Illinois Municipal Retirement Fund grew its position in shares of Standard Motor Products by 3.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 10,807 shares of the auto parts company’s stock valued at $363,000 after buying an additional 328 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Standard Motor Products during the first quarter worth about $205,000. SageView Advisory Group LLC bought a new position in Standard Motor Products in the first quarter worth about $222,000. Finally, Vanguard Group Inc. boosted 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 acquiring an additional 49,905 shares during the period. 81.26% of the stock is owned by institutional investors and hedge funds.

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.