Standard Motor Products, Inc. (NYSE:SMP) EVP Sells $299,336.00 in Stock

Standard Motor Products, Inc. (NYSE:SMP) EVP Dale Burks sold 11,005 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total value of $299,336.00. Following the transaction, the executive vice president now directly owns 56,860 shares of the company’s stock, valued at $1,546,592. This trade represents a 16.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Standard Motor Products Price Performance

Standard Motor Products stock opened at $26.16 on Friday. 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, Inc. has a 52 week low of $25.68 and a 52 week high of $35.92. The stock has a market capitalization of $571.91 million, a P/E ratio of 16.15 and a beta of 0.50. The stock has a fifty day moving average of $30.32 and a 200-day moving average of $31.60.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.10. The company had revenue of $343.35 million during the quarter, compared to analysts’ expectations of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. On average, sell-side analysts expect that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a yield of 4.43%. Standard Motor Products’s dividend payout ratio is currently 100.81%.

Institutional Investors Weigh In On Standard Motor Products

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC grew its position in Standard Motor Products by 3.1% during the 4th quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company’s stock worth $400,000 after acquiring an additional 383 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Standard Motor Products by 5.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,421 shares of the auto parts company’s stock worth $292,000 after acquiring an additional 446 shares during the last quarter. Farther Finance Advisors LLC grew its position in Standard Motor Products by 20.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company’s stock worth $82,000 after acquiring an additional 453 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Standard Motor Products by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,900 shares of the auto parts company’s stock valued at $369,000 after buying an additional 469 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Standard Motor Products by 1.2% in the 4th quarter. Barclays PLC now owns 49,118 shares of the auto parts company’s stock valued at $1,521,000 after buying an additional 596 shares during the last quarter. Institutional investors own 81.26% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Standard Motor Products from a “strong-buy” rating to a “hold” rating in a report on Monday, March 3rd.

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.