Insider Selling: Standard Motor Products, Inc. (NYSE:SMP) VP Sells 4,730 Shares of Stock

Standard Motor Products, Inc. (NYSE:SMP) VP Ray Nicholas sold 4,730 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $34.11, for a total value of $161,340.30. Following the sale, the vice president now directly owns 46,385 shares of the company’s stock, valued at $1,582,192.35. This represents a 9.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ray Nicholas also recently made the following trade(s):

• On Monday, November 11th, Ray Nicholas sold 613 shares of Standard Motor Products stock. The shares were sold at an average price of $35.02, for a total transaction of $21,467.26.

Standard Motor Products Stock Performance

Shares of SMP stock traded up $0.36 during midday trading on Tuesday, hitting $34.32. 99,540 shares of the company were exchanged, compared to its average volume of 152,796. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 week high of $41.71. The firm has a market capitalization of $745.43 million, a P/E ratio of 20.96 and a beta of 0.52. The firm’s 50 day moving average price is $32.23 and its two-hundred day moving average price is $31.14. 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 (NYSE:SMP) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. The company had revenue of $399.27 million for the quarter, compared to the consensus estimate of $396.10 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. As a group, equities research analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, November 15th. Standard Motor Products’s dividend payout ratio is currently 71.61%.

Institutional Investors Weigh In On Standard Motor Products

Institutional investors have recently modified their holdings of the business. Innealta Capital LLC acquired a new stake in Standard Motor Products in the 2nd quarter worth about $25,000. Gladius Capital Management LP acquired a new position in shares of Standard Motor Products during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC increased its holdings 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 worth $30,000 after purchasing an additional 549 shares during the period. FMR LLC raised its position in shares of Standard Motor Products by 64.6% in the third quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock valued at $58,000 after buying an additional 685 shares in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of Standard Motor Products in the third quarter valued at approximately $73,000. Institutional investors own 81.26% of the company’s stock.

About Standard Motor Products

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.