Ray Nicholas Sells 613 Shares of Standard Motor Products, Inc. (NYSE:SMP) Stock

Standard Motor Products, Inc. (NYSE:SMP) VP Ray Nicholas sold 613 shares of Standard Motor Products stock in a transaction on Monday, November 11th. The shares were sold at an average price of $35.02, for a total value of $21,467.26. Following the completion of the transaction, the vice president now owns 51,115 shares in the company, valued at approximately $1,790,047.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Standard Motor Products Price Performance

SMP stock traded down $0.91 during midday trading on Tuesday, reaching $33.73. 37,880 shares of the stock were exchanged, compared to its average volume of 155,691. The company has a fifty day moving average price of $32.07 and a 200 day moving average price of $30.98. Standard Motor Products, Inc. has a 52 week low of $26.09 and a 52 week high of $41.71. The stock has a market capitalization of $732.68 million, a PE ratio of 20.80 and a beta of 0.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. As a group, analysts expect that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a yield of 3.44%. Standard Motor Products’s payout ratio is 71.60%.

Institutional Trading of Standard Motor Products

Several large investors have recently modified their holdings of SMP. Innealta Capital LLC purchased a new stake in Standard Motor Products in the second quarter worth about $25,000. Gladius Capital Management LP purchased a new position in Standard Motor Products in the 2nd quarter worth approximately $30,000. GAMMA Investing LLC grew its position in Standard Motor Products by 153.8% in the 3rd 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. Farther Finance Advisors LLC bought a new stake in Standard Motor Products in the 3rd quarter worth approximately $73,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Standard Motor Products during the 3rd quarter valued at $83,000. 81.26% of the stock is owned by institutional investors.

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.