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

Standard Motor Products, Inc. (NYSE:SMP) CFO Nathan R. Iles sold 1,485 shares of Standard Motor Products 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 sale, the chief financial officer now owns 29,015 shares in the company, valued at approximately $1,014,654.55. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Standard Motor Products Stock Performance

Shares of NYSE SMP opened at $33.84 on Thursday. Standard Motor Products, Inc. has a 12-month low of $26.09 and a 12-month high of $41.71. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21. The company has a market cap of $735.00 million, a PE ratio of 20.89 and a beta of 0.51. The stock has a 50 day simple moving average of $32.16 and a 200-day simple moving average of $31.02.

Standard Motor Products (NYSE:SMP) last released 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. The company had revenue of $399.27 million during the quarter, compared to analysts’ expectations of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, equities research analysts forecast that Standard Motor Products, Inc. will post 3.03 EPS for the current year.

Standard Motor Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio is currently 71.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new position in shares of Standard Motor Products during the 2nd quarter valued at $25,000. Gladius Capital Management LP acquired a new stake in Standard Motor Products in the 2nd quarter valued at about $30,000. GAMMA Investing LLC boosted its position in shares of Standard Motor Products by 153.8% during the 3rd 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 in the last quarter. FMR LLC grew its stake in shares of Standard Motor Products by 64.6% in the 3rd quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock worth $58,000 after purchasing an additional 685 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in Standard Motor Products in the third quarter worth approximately $73,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

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.