Royce & Associates LP Has $40.58 Million Stock Holdings in Standard Motor Products, Inc. $SMP

Royce & Associates LP increased its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,101,199 shares of the auto parts company’s stock after acquiring an additional 36,688 shares during the quarter. Royce & Associates LP owned about 0.05% of Standard Motor Products worth $40,579,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its stake in Standard Motor Products by 4.2% in the fourth quarter. Gamco Investors INC. ET AL now owns 980,264 shares of the auto parts company’s stock valued at $36,123,000 after purchasing an additional 39,710 shares in the last quarter. Gabelli Funds LLC increased its stake in Standard Motor Products by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 439,630 shares of the auto parts company’s stock valued at $16,200,000 after purchasing an additional 1,620 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Standard Motor Products by 25.3% in the third quarter. BNP Paribas Financial Markets now owns 277,109 shares of the auto parts company’s stock valued at $11,312,000 after purchasing an additional 55,962 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Standard Motor Products by 3.0% in the 3rd quarter. Bridgeway Capital Management LLC now owns 205,566 shares of the auto parts company’s stock valued at $8,391,000 after buying an additional 6,028 shares during the period. Finally, Manatuck Hill Partners LLC acquired a new position in shares of Standard Motor Products in the 3rd quarter valued at $5,102,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SMP shares. Weiss Ratings lowered shares of Standard Motor Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Zacks Research cut Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen lowered Standard Motor Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $49.00.

Standard Motor Products Stock Performance

Shares of SMP opened at $37.87 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.78 and a current ratio of 2.23. Standard Motor Products, Inc. has a twelve month low of $28.08 and a twelve month high of $46.00. The firm’s 50 day moving average price is $37.05 and its two-hundred day moving average price is $38.46. The firm has a market cap of $843.03 million, a P/E ratio of 18.56 and a beta of 0.80.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. Standard Motor Products had a net margin of 2.51% and a return on equity of 12.98%. The firm had revenue of $451.17 million for the quarter, compared to analyst estimates of $429.07 million. On average, analysts forecast that Standard Motor Products, Inc. will post 4.4 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.32 dividend on an annualized basis and a yield of 3.5%. Standard Motor Products’s dividend payout ratio is presently 64.71%.

Standard Motor Products Company Profile

Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.

The company operates through two primary segments: Engine Management and Temperature Control.