Geode Capital Management LLC Has $7.78 Million Position in Standard Motor Products (SMP)

Geode Capital Management LLC boosted its position in shares of Standard Motor Products (NYSE:SMP) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,275 shares of the auto parts company’s stock after acquiring an additional 5,941 shares during the period. Geode Capital Management LLC owned 0.77% of Standard Motor Products worth $7,781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SMP. Crossmark Global Holdings Inc. purchased a new stake in Standard Motor Products during the fourth quarter valued at approximately $239,000. SG Americas Securities LLC purchased a new stake in Standard Motor Products during the third quarter valued at approximately $309,000. Teacher Retirement System of Texas purchased a new stake in Standard Motor Products during the fourth quarter valued at approximately $320,000. Symons Capital Management Inc. purchased a new stake in Standard Motor Products during the fourth quarter valued at approximately $362,000. Finally, Reinhart Partners Inc. purchased a new stake in Standard Motor Products during the fourth quarter valued at approximately $1,208,000. 80.53% of the stock is owned by institutional investors.

A number of research firms recently commented on SMP. Zacks Investment Research cut shares of Standard Motor Products from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. ValuEngine raised shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Standard Motor Products currently has a consensus rating of “Buy” and a consensus price target of $55.00.



In other Standard Motor Products news, Director John P. Gethin sold 5,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $49.50, for a total value of $247,500.00. Following the completion of the transaction, the director now owns 20,850 shares of the company’s stock, valued at $1,032,075. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.60% of the company’s stock.

NYSE SMP opened at $49.25 on Friday. The firm has a market capitalization of $1,120.51, a price-to-earnings ratio of 17.46, a P/E/G ratio of 2.46 and a beta of 1.68. Standard Motor Products has a 12-month low of $40.56 and a 12-month high of $54.73.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Tuesday, February 20th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.16. The business had revenue of $239.98 million during the quarter. Standard Motor Products had a net margin of 3.40% and a return on equity of 14.15%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. sell-side analysts expect that Standard Motor Products will post 3.35 EPS for the current year.

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Standard Motor Products Profile

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. Its Engine Management segment manufactures and distributes engine management replacement parts, including electronic ignition control modules, fuel injectors, remanufactured diesel injectors and pumps, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, various sensors primarily measuring temperature, vehicle systems, electronic throttle bodies, and other engine management components primarily under the Standard, Blue Streak, BWD, Select, Intermotor, OEM, LockSmart, TechSmart, Tech Expert, and GP Sorensen brands.

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

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