Standard Motor Products, Inc. (NYSE:SMP) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. reduced its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 41.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,395 shares of the auto parts company’s stock after selling 49,489 shares during the period. Eagle Asset Management Inc. owned about 0.32% of Standard Motor Products worth $2,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Standard Motor Products by 153.8% in the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 549 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Standard Motor Products in the 2nd quarter worth approximately $25,000. Gladius Capital Management LP bought a new stake in shares of Standard Motor Products in the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC acquired a new stake in shares of Standard Motor Products during the 3rd quarter valued at approximately $73,000. Finally, Central Pacific Bank Trust Division bought a new position in Standard Motor Products during the third quarter worth $83,000. Institutional investors own 81.26% of the company’s stock.

Standard Motor Products Stock Up 0.2 %

SMP stock opened at $33.22 on Tuesday. The firm has a market cap of $721.60 million, a price-to-earnings ratio of 20.51 and a beta of 0.51. Standard Motor Products, Inc. has a 1-year low of $26.09 and a 1-year high of $41.71. The firm has a fifty day moving average price of $32.25 and a two-hundred day moving average price of $31.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $399.27 million during the quarter, compared to the consensus estimate of $396.10 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts predict that Standard Motor Products, Inc. will post 3.05 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. Investors of record on Friday, November 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio (DPR) is 71.60%.

Insider Activity at Standard Motor Products

In other Standard Motor Products news, insider Carmine Joseph Broccole sold 913 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.96, for a total value of $31,918.48. Following the completion of the transaction, the insider now owns 81,241 shares in the company, valued at approximately $2,840,185.36. This represents a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dale Burks sold 1,722 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total transaction of $60,201.12. Following the completion of the sale, the executive vice president now owns 67,865 shares in the company, valued at $2,372,560.40. The trade was a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,454 shares of company stock worth $225,701 in the last 90 days. 5.00% of the stock is currently owned by company insiders.

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.