Illinois Municipal Retirement Fund Has $417,000 Stock Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Illinois Municipal Retirement Fund trimmed its holdings in Standard Motor Products, Inc. (NYSE:SMP) by 5.9% during the fourth quarter, Holdings Channel reports. The firm owned 10,479 shares of the auto parts company’s stock after selling 656 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Standard Motor Products were worth $417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Standard Motor Products by 145.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 938 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 556 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Standard Motor Products in the 3rd quarter valued at about $85,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Standard Motor Products by 14.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,325 shares of the auto parts company’s stock valued at $145,000 after buying an additional 555 shares in the last quarter. International Assets Investment Management LLC increased its position in Standard Motor Products by 3,928.4% in the 4th quarter. International Assets Investment Management LLC now owns 4,673 shares of the auto parts company’s stock valued at $186,000 after buying an additional 4,557 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in Standard Motor Products in the 4th quarter valued at about $218,000. 81.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TheStreet lowered Standard Motor Products from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. StockNews.com raised Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Friday, March 29th.

Standard Motor Products Stock Performance

Shares of SMP opened at $32.78 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.78 and a current ratio of 2.45. The stock has a 50 day moving average price of $32.51 and a two-hundred day moving average price of $35.92. The firm has a market capitalization of $740.17 million, a P/E ratio of 21.29 and a beta of 0.61. Standard Motor Products, Inc. has a 52 week low of $30.09 and a 52 week high of $41.71.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.25). The company had revenue of $290.76 million for the quarter, compared to the consensus estimate of $313.84 million. Standard Motor Products had a return on equity of 10.09% and a net margin of 2.51%. Equities analysts forecast that Standard Motor Products, Inc. will post 3.03 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Wednesday, February 14th. Standard Motor Products’s dividend payout ratio is presently 75.33%.

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.