Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) VP Ray Nicholas sold 613 shares of Standard Motor Products stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $35.02, for a total transaction of $21,467.26. Following the sale, the vice president now directly owns 51,115 shares of the company's stock, valued at $1,790,047.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Standard Motor Products Trading Down 1.8 %
SMP opened at $34.02 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The stock's fifty day moving average is $32.11 and its two-hundred day moving average is $31.00. The company has a market capitalization of $738.91 million, a P/E ratio of 21.00 and a beta of 0.51. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 week high of $41.71.
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Standard Motor Products (NYSE:SMP - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.19. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The firm had revenue of $399.27 million during the quarter, compared to the consensus estimate of $396.10 million. During the same period in the previous year, the company posted $1.11 earnings per share. The firm's quarterly revenue was up 3.3% on a year-over-year basis. Analysts forecast that Standard Motor Products, Inc. will post 3.03 earnings per share for the current year.
Standard Motor Products Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, November 15th. Standard Motor Products's payout ratio is currently 71.61%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Standard Motor Products during the second quarter worth $25,000. Gladius Capital Management LP purchased a new stake in shares of Standard Motor Products in the 2nd quarter valued at $30,000. GAMMA Investing LLC boosted its holdings in Standard Motor Products by 153.8% in the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 549 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in Standard Motor Products during the 3rd quarter worth about $73,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Standard Motor Products during the 3rd quarter worth about $83,000. Institutional investors own 81.26% of the company's stock.
About Standard Motor Products
(
Get Free Report)
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.
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