Standard Motor Products, Inc. (SMP) is Royce & Associates LP’s 8th Largest Position

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Royce & Associates LP lowered its holdings in Standard Motor Products, Inc. (NYSE:SMP) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 2,179,525 shares of the auto parts company’s stock after selling 15,000 shares during the period. Standard Motor Products accounts for 0.9% of Royce & Associates LP’s portfolio, making the stock its 8th largest position. Royce & Associates LP owned about 0.10% of Standard Motor Products worth $107,015,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Anchor Capital Advisors LLC increased its holdings in Standard Motor Products by 1.7% in the first quarter. Anchor Capital Advisors LLC now owns 37,794 shares of the auto parts company’s stock valued at $1,856,000 after purchasing an additional 634 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in Standard Motor Products by 6.9% in the first quarter. Parametric Portfolio Associates LLC now owns 57,946 shares of the auto parts company’s stock valued at $2,845,000 after purchasing an additional 3,764 shares during the last quarter. Piedmont Investment Advisors Inc. increased its holdings in Standard Motor Products by 6.0% in the first quarter. Piedmont Investment Advisors Inc. now owns 5,113 shares of the auto parts company’s stock valued at $251,000 after purchasing an additional 290 shares during the last quarter. US Bancorp DE increased its holdings in Standard Motor Products by 116.6% in the first quarter. US Bancorp DE now owns 4,596 shares of the auto parts company’s stock valued at $227,000 after purchasing an additional 2,474 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Standard Motor Products by 0.7% in the first quarter. New York State Common Retirement Fund now owns 64,149 shares of the auto parts company’s stock valued at $3,150,000 after purchasing an additional 439 shares during the last quarter. 79.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SMP stock traded up $0.51 on Friday, hitting $45.90. 69,388 shares of the stock were exchanged, compared to its average volume of 79,212. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 0.62. The stock has a market capitalization of $1.03 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.43 and a beta of 1.04. Standard Motor Products, Inc. has a fifty-two week low of $43.08 and a fifty-two week high of $56.54.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Tuesday, April 30th. The auto parts company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). The firm had revenue of $283.80 million for the quarter, compared to analyst estimates of $278.13 million. Standard Motor Products had a return on equity of 13.02% and a net margin of 4.24%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. Equities analysts expect that Standard Motor Products, Inc. will post 2.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.92 annualized dividend and a dividend yield of 2.00%. Standard Motor Products’s dividend payout ratio is currently 36.08%.

A number of equities research analysts recently commented on SMP shares. ValuEngine downgraded Standard Motor Products from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Zacks Investment Research cut Standard Motor Products from a “hold” rating to a “sell” rating in a research note on Tuesday, February 19th.

In other news, Chairman Lawrence I. Sills sold 2,215 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $46.42, for a total transaction of $102,820.30. Following the completion of the transaction, the chairman now directly owns 664,612 shares of the company’s stock, valued at $30,851,289.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas Tesoro sold 1,851 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $48.00, for a total value of $88,848.00. Following the transaction, the vice president now directly owns 31,121 shares of the company’s stock, valued at $1,493,808. The disclosure for this sale can be found here. Insiders have sold 21,779 shares of company stock valued at $1,013,901 over the last ninety days. 6.60% of the stock is owned by insiders.

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Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.

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Institutional Ownership by Quarter for Standard Motor Products (NYSE:SMP)

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