Teachers Retirement System of The State of Kentucky maintained its position in shares of Standard Motor Products, Inc. (NYSE:SMP) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,100 shares of the auto parts company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Standard Motor Products were worth $251,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in SMP. State of Alaska Department of Revenue boosted its position in shares of Standard Motor Products by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 2,220 shares of the auto parts company’s stock worth $109,000 after buying an additional 60 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Standard Motor Products during the first quarter worth approximately $152,000. Victory Capital Management Inc. boosted its position in shares of Standard Motor Products by 119.1% in the first quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock worth $203,000 after buying an additional 2,242 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Standard Motor Products during the first quarter worth approximately $226,000. Finally, Mason Street Advisors LLC boosted its position in shares of Standard Motor Products by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,699 shares of the auto parts company’s stock worth $231,000 after buying an additional 308 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.
Standard Motor Products, Inc. (NYSE SMP) traded down 0.02% during trading on Friday, reaching $45.32. The company had a trading volume of 26,534 shares. Standard Motor Products, Inc. has a 52 week low of $42.11 and a 52 week high of $55.37. The company’s 50-day moving average is $50.62 and its 200 day moving average is $49.63. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 16.89 and a beta of 1.81.
Standard Motor Products (NYSE:SMP) last released its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.99 by $0.18. Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. The firm had revenue of $312.73 million for the quarter. During the same period in the prior year, the company posted $0.88 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts anticipate that Standard Motor Products, Inc. will post $2.87 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.67%. Standard Motor Products’s dividend payout ratio is currently 28.36%.
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A number of brokerages have recently commented on SMP. BidaskClub cut Standard Motor Products from a “buy” rating to a “hold” rating in a report on Monday. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Standard Motor Products in a report on Wednesday. Finally, Zacks Investment Research cut Standard Motor Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th.
In other news, SVP Carmine Joseph Broccole sold 2,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $49.49, for a total value of $98,980.00. Following the sale, the senior vice president now directly owns 47,823 shares in the company, valued at $2,366,760.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Tesoro sold 3,950 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $47.91, for a total value of $189,244.50. Following the completion of the sale, the vice president now owns 29,026 shares in the company, valued at $1,390,635.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,750 shares of company stock valued at $1,645,693. Company insiders own 6.60% of the company’s stock.
Standard Motor Products Company Profile
Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.
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