13,800 Shares in Standard Motor Products, Inc. (NYSE:SMP) Purchased by Strs Ohio

Strs Ohio purchased a new position in Standard Motor Products, Inc. (NYSE:SMP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,800 shares of the auto parts company’s stock, valued at approximately $549,000. Strs Ohio owned about 0.06% of Standard Motor Products as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SMP. Pacer Advisors Inc. bought a new stake in Standard Motor Products in the 4th quarter valued at about $38,215,000. Invesco Ltd. raised its stake in Standard Motor Products by 73.4% in the 3rd quarter. Invesco Ltd. now owns 216,723 shares of the auto parts company’s stock valued at $7,286,000 after acquiring an additional 91,730 shares during the period. Rice Hall James & Associates LLC bought a new stake in Standard Motor Products in the 3rd quarter valued at about $2,536,000. Assenagon Asset Management S.A. raised its stake in Standard Motor Products by 76.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 173,691 shares of the auto parts company’s stock valued at $5,839,000 after acquiring an additional 74,989 shares during the period. Finally, AQR Capital Management LLC raised its stake in Standard Motor Products by 98.4% in the 3rd quarter. AQR Capital Management LLC now owns 149,067 shares of the auto parts company’s stock valued at $5,012,000 after acquiring an additional 73,937 shares during the period. 81.26% of the stock is currently owned by institutional investors.

Standard Motor Products Trading Up 0.6 %

Shares of SMP opened at $32.46 on Friday. The business’s 50-day moving average price is $32.84 and its 200-day moving average price is $35.87. Standard Motor Products, Inc. has a twelve month low of $30.09 and a twelve month high of $41.71. The stock has a market cap of $732.95 million, a PE ratio of 21.08 and a beta of 0.61. The company has a quick ratio of 0.78, a current ratio of 2.45 and a debt-to-equity ratio of 0.23.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.25). Standard Motor Products had a net margin of 2.51% and a return on equity of 10.09%. The company had revenue of $290.76 million for the quarter, compared to the consensus estimate of $313.84 million. On average, equities analysts forecast that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Wednesday, February 14th. Standard Motor Products’s dividend payout ratio is presently 75.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. TheStreet cut Standard Motor Products from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd.

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.