Royce & Associates LP Acquires 73,476 Shares of Standard Motor Products, Inc. (NYSE:SMP)

Royce & Associates LP increased its holdings in Standard Motor Products, Inc. (NYSE:SMP) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,295,997 shares of the auto parts company’s stock after purchasing an additional 73,476 shares during the period. Royce & Associates LP owned approximately 5.97% of Standard Motor Products worth $43,027,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its holdings in Standard Motor Products by 3.1% during the first quarter. Illinois Municipal Retirement Fund now owns 10,807 shares of the auto parts company’s stock valued at $363,000 after acquiring an additional 328 shares during the period. GAMMA Investing LLC raised its position in shares of Standard Motor Products by 153.8% during the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock valued at $30,000 after buying an additional 549 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Standard Motor Products by 6.4% during the third quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the auto parts company’s stock valued at $332,000 after buying an additional 600 shares during the last quarter. US Bancorp DE raised its position in shares of Standard Motor Products by 7.7% during the third quarter. US Bancorp DE now owns 8,533 shares of the auto parts company’s stock valued at $283,000 after buying an additional 608 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Standard Motor Products by 3.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,396 shares of the auto parts company’s stock valued at $618,000 after buying an additional 634 shares during the last quarter. 81.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, 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 of the company’s stock, valued at approximately $2,372,560.40. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Nathan R. Iles sold 1,485 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $51,930.45. Following the sale, the chief financial officer now directly owns 29,015 shares in the company, valued at $1,014,654.55. This trade represents a 4.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,454 shares of company stock valued at $225,701 over the last quarter. Corporate insiders own 5.00% of the company’s stock.

Standard Motor Products Stock Up 0.5 %

Shares of SMP opened at $33.98 on Friday. The company has a 50-day simple moving average of $32.20 and a 200-day simple moving average of $31.04. The firm has a market capitalization of $738.05 million, a P/E ratio of 20.98 and a beta of 0.51. 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 52 week low of $26.09 and a 52 week high of $41.71.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $399.27 million during the quarter, compared to analyst estimates of $396.10 million. During the same quarter in the prior year, the business posted $1.11 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Standard Motor Products, Inc. will post 3.03 earnings per share for the current year.

Standard Motor Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio (DPR) is presently 71.61%.

Standard Motor Products Company 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.