Probity Advisors Inc. Grows Stake in Standard Motor Products, Inc. (NYSE:SMP)

Probity Advisors Inc. boosted its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,068 shares of the auto parts company’s stock after purchasing an additional 922 shares during the quarter. Probity Advisors Inc.’s holdings in Standard Motor Products were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Azarias Capital Management L.P. bought a new stake in Standard Motor Products during the 2nd quarter valued at $11,197,000. American Century Companies Inc. boosted its position in Standard Motor Products by 19.5% during the 2nd quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock valued at $9,399,000 after acquiring an additional 55,327 shares in the last quarter. Vanguard Group Inc. boosted its position 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 valued at $48,403,000 after acquiring an additional 49,905 shares in the last quarter. Bank of Montreal Can bought a new stake in Standard Motor Products during the 2nd quarter valued at $1,029,000. Finally, Empowered Funds LLC boosted its position in Standard Motor Products by 35.6% during the 1st quarter. Empowered Funds LLC now owns 92,783 shares of the auto parts company’s stock valued at $3,113,000 after acquiring an additional 24,364 shares in the last quarter. 81.26% of the stock is currently owned by hedge funds and other institutional investors.

Standard Motor Products Stock Down 0.1 %

Shares of NYSE SMP opened at $31.61 on Friday. The company has a current ratio of 2.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $686.25 million, a PE ratio of 18.06 and a beta of 0.51. The stock’s fifty day simple moving average is $31.83 and its two-hundred day simple moving average is $31.13. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Thursday, August 1st. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.20. The business had revenue of $389.80 million for the quarter, compared to analysts’ expectations of $365.60 million. Standard Motor Products had a return on equity of 9.90% and a net margin of 2.79%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. As a group, analysts expect that Standard Motor Products, Inc. will post 3.01 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.67%. Standard Motor Products’s payout ratio is 66.29%.

Standard Motor Products Profile

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.