Standard Motor Products, Inc. (NYSE:SMP) CFO Nathan R. Iles Sells 1,485 Shares

Standard Motor Products, Inc. (NYSE:SMP) CFO Nathan R. Iles sold 1,485 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $51,930.45. Following the completion of the transaction, the chief financial officer now directly owns 29,015 shares of the company’s stock, valued at $1,014,654.55. The trade was a 4.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Standard Motor Products Trading Up 0.5 %

NYSE SMP opened at $33.98 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 one year low of $26.09 and a one year high of $41.71. The company’s 50 day moving average price is $32.20 and its 200 day moving average price is $31.04. The firm has a market capitalization of $738.05 million, a price-to-earnings ratio of 20.98 and a beta of 0.51.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The business had revenue of $399.27 million during the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. On average, sell-side analysts predict that Standard Motor Products, Inc. will post 3.03 EPS for the current year.

Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio is presently 71.61%.

Institutional Trading of Standard Motor Products

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Standard Motor Products by 21.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,272 shares of the auto parts company’s stock worth $1,470,000 after buying an additional 7,678 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Standard Motor Products by 6.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 43,805 shares of the auto parts company’s stock worth $1,454,000 after purchasing an additional 2,500 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Standard Motor Products by 129.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,721 shares of the auto parts company’s stock valued at $655,000 after buying an additional 11,114 shares during the period. FMR LLC raised its position in Standard Motor Products by 64.6% in the third quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock worth $58,000 after purchasing an additional 685 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in shares of Standard Motor Products by 6.7% in the 3rd quarter. Foundry Partners LLC now owns 165,205 shares of the auto parts company’s stock worth $5,485,000 after buying an additional 10,360 shares in the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

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.