Standard Motor Products, Inc. $SMP Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. decreased its position in Standard Motor Products, Inc. (NYSE:SMP) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,726 shares of the auto parts company’s stock after selling 8,327 shares during the quarter. Standard Motor Products accounts for about 3.6% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 7th largest holding. Azarias Capital Management L.P. owned approximately 1.17% of Standard Motor Products worth $7,917,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SMP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Standard Motor Products by 3.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,660 shares of the auto parts company’s stock valued at $1,415,000 after purchasing an additional 1,388 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Standard Motor Products by 2,880.9% during the first quarter. GAMMA Investing LLC now owns 26,351 shares of the auto parts company’s stock valued at $657,000 after acquiring an additional 25,467 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Standard Motor Products by 8.4% during the first quarter. Rhumbline Advisers now owns 128,896 shares of the auto parts company’s stock valued at $3,213,000 after acquiring an additional 9,979 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Standard Motor Products during the first quarter valued at about $110,000. Finally, SG Americas Securities LLC grew its stake in shares of Standard Motor Products by 144.8% during the first quarter. SG Americas Securities LLC now owns 25,604 shares of the auto parts company’s stock valued at $638,000 after acquiring an additional 15,146 shares in the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Price Performance

Shares of SMP opened at $41.44 on Friday. The firm has a market cap of $911.16 million, a price-to-earnings ratio of 23.54 and a beta of 0.67. The stock has a 50 day moving average of $38.31 and a 200-day moving average of $31.82. The company has a current ratio of 2.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. Standard Motor Products, Inc. has a 52 week low of $21.38 and a 52 week high of $41.75.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Tuesday, August 5th. The auto parts company reported $1.29 EPS for the quarter, topping the consensus estimate of $0.97 by $0.32. The company had revenue of $493.85 million during the quarter, compared to analyst estimates of $450.21 million. Standard Motor Products had a return on equity of 12.98% and a net margin of 2.39%.The business’s revenue was up 26.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.24 annualized dividend and a dividend yield of 3.0%. Standard Motor Products’s payout ratio is 70.45%.

Analyst Upgrades and Downgrades

SMP has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Standard Motor Products in a research note on Saturday, September 27th. Wall Street Zen raised shares of Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.