Standard Motor Products, Inc. (NYSE:SMP) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,384 shares of the auto parts company’s stock after selling 65 shares during the period. Public Employees Retirement System of Ohio owned 0.16% of Standard Motor Products worth $1,739,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in SMP. State of Alaska Department of Revenue boosted its position in shares of Standard Motor Products by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 2,220 shares of the auto parts company’s stock worth $109,000 after buying an additional 60 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Standard Motor Products during the first quarter worth about $152,000. Victory Capital Management Inc. raised its stake in shares of Standard Motor Products by 119.1% in the first quarter. Victory Capital Management Inc. now owns 4,125 shares of the auto parts company’s stock worth $203,000 after buying an additional 2,242 shares in the last quarter. Park National Corp OH raised its stake in shares of Standard Motor Products by 0.4% in the first quarter. Park National Corp OH now owns 4,474 shares of the auto parts company’s stock worth $220,000 after buying an additional 16 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Standard Motor Products during the first quarter worth about $226,000. Institutional investors and hedge funds own 77.90% of the company’s stock.

Shares of Standard Motor Products, Inc. (NYSE SMP) traded up 1.42% on Friday, hitting $44.21. The stock had a trading volume of 131,015 shares. The stock has a 50 day moving average of $49.44 and a 200 day moving average of $49.39. Standard Motor Products, Inc. has a 12-month low of $42.70 and a 12-month high of $55.37. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 16.48 and a beta of 1.81.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by $0.18. The company had revenue of $312.73 million during the quarter. Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. Standard Motor Products’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. Equities analysts predict that Standard Motor Products, Inc. will post $2.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Friday, August 11th. Standard Motor Products’s dividend payout ratio (DPR) is presently 28.36%.

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SMP has been the subject of a number of research analyst reports. Zacks Investment Research raised Standard Motor Products from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Friday, May 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 target price on shares of Standard Motor Products in a research report on Wednesday, August 9th. Finally, BidaskClub lowered Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th.

In related news, SVP Carmine Joseph Broccole sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $49.49, for a total transaction of $98,980.00. Following the completion of the sale, the senior vice president now directly owns 47,823 shares of the company’s stock, valued at $2,366,760.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas Tesoro sold 3,950 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $47.91, for a total transaction of $189,244.50. Following the sale, the vice president now directly owns 29,026 shares of the company’s stock, valued at $1,390,635.66. The disclosure for this sale can be found here. Insiders sold 32,750 shares of company stock valued at $1,645,693 over the last quarter. Insiders own 6.60% of the company’s stock.

Standard Motor Products Company Profile

Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.

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

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