Standard Motor Products, Inc. (NYSE:SMP) CEO Sells $60,183.37 in Stock

Standard Motor Products, Inc. (NYSE:SMP) CEO Eric Sills sold 1,721 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.97, for a total value of $60,183.37. Following the completion of the transaction, the chief executive officer now owns 175,651 shares in the company, valued at approximately $6,142,515.47. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Standard Motor Products Stock Performance

SMP opened at $33.98 on Friday. Standard Motor Products, Inc. has a 1-year low of $26.09 and a 1-year high of $41.71. The company has a market cap of $738.05 million, a price-to-earnings ratio of 20.98 and a beta of 0.51. The company’s fifty day moving average price is $32.20 and its two-hundred day moving average price is $31.04. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.21.

Standard Motor Products (NYSE:SMP) last posted its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. The company had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 EPS. On average, analysts expect that Standard Motor Products, Inc. will post 3.03 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.29 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Standard Motor Products’s dividend payout ratio is presently 71.61%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 549 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Standard Motor Products during the second quarter valued at about $25,000. Gladius Capital Management LP purchased a new position in Standard Motor Products during the second quarter worth about $30,000. FMR LLC increased its stake in Standard Motor Products by 64.6% in the 3rd 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 during the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Standard Motor Products during the 3rd quarter worth approximately $73,000. Hedge funds and other 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.