Dean Investment Associates LLC Has $3.03 Million Stock Position in Standard Motor Products, Inc. (NYSE:SMP)

Dean Investment Associates LLC cut its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 25.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,931 shares of the auto parts company’s stock after selling 32,938 shares during the period. Dean Investment Associates LLC owned approximately 0.45% of Standard Motor Products worth $3,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SMP. Inspire Investing LLC lifted its holdings in shares of Standard Motor Products by 3.1% during the 4th quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company’s stock valued at $400,000 after purchasing an additional 383 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Standard Motor Products by 5.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,421 shares of the auto parts company’s stock worth $292,000 after buying an additional 446 shares during the period. Farther Finance Advisors LLC lifted its stake in Standard Motor Products by 20.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company’s stock valued at $82,000 after buying an additional 453 shares in the last quarter. Barclays PLC boosted its holdings in shares of Standard Motor Products by 1.2% in the fourth quarter. Barclays PLC now owns 49,118 shares of the auto parts company’s stock valued at $1,521,000 after buying an additional 596 shares during the period. Finally, Illinois Municipal Retirement Fund increased its position in shares of Standard Motor Products by 6.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,467 shares of the auto parts company’s stock worth $324,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 81.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Insider Buying and Selling

In related news, EVP Dale Burks sold 11,005 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total transaction of $299,336.00. Following the transaction, the executive vice president now directly owns 56,860 shares in the company, valued at approximately $1,546,592. The trade was a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is currently owned by corporate insiders.

Standard Motor Products Stock Up 1.6 %

Shares of Standard Motor Products stock opened at $23.74 on Friday. The firm has a market cap of $519.07 million, a PE ratio of 14.66 and a beta of 0.57. The business’s 50 day simple moving average is $26.67 and its 200 day simple moving average is $30.03. 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, Inc. has a 52-week low of $21.38 and a 52-week high of $35.92.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.10. The company had revenue of $343.35 million for the quarter, compared to the consensus estimate of $292.50 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. On average, analysts predict that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products’s dividend payout ratio is currently 100.81%.

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.