SG Americas Securities LLC Has $9 Million Holdings in Standard Motor Products, Inc. $SMP

SG Americas Securities LLC lifted its holdings in Standard Motor Products, Inc. (NYSE:SMP) by 207.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,180 shares of the auto parts company’s stock after purchasing an additional 174,986 shares during the quarter. SG Americas Securities LLC’s holdings in Standard Motor Products were worth $9,004,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SMP. Delphi Management Inc. MA lifted its position in Standard Motor Products by 506.3% during the 4th quarter. Delphi Management Inc. MA now owns 34,661 shares of the auto parts company’s stock worth $1,277,000 after buying an additional 28,944 shares in the last quarter. Teton Advisors LLC bought a new position in shares of Standard Motor Products in the 3rd quarter valued at about $1,327,000. JPMorgan Chase & Co. grew its holdings in shares of Standard Motor Products by 405.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,990 shares of the auto parts company’s stock valued at $2,081,000 after acquiring an additional 40,898 shares in the last quarter. Royce & Associates LP increased its position in shares of Standard Motor Products by 3.4% in the fourth quarter. Royce & Associates LP now owns 1,101,199 shares of the auto parts company’s stock valued at $40,579,000 after acquiring an additional 36,688 shares during the last quarter. Finally, Congruence Capital LLC acquired a new stake in shares of Standard Motor Products in the fourth quarter valued at about $6,571,000. Institutional investors and hedge funds own 81.26% of the company’s stock.

Standard Motor Products Stock Performance

Shares of SMP opened at $40.32 on Friday. The firm has a 50-day moving average of $38.58 and a 200-day moving average of $38.74. Standard Motor Products, Inc. has a one year low of $29.53 and a one year high of $46.00. The company has a market cap of $897.57 million, a PE ratio of 19.77 and a beta of 0.81. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.23 and a quick ratio of 0.78.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings data on Thursday, April 30th. The auto parts company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.09. The company had revenue of $451.17 million for the quarter, compared to analyst estimates of $429.07 million. Standard Motor Products had a net margin of 2.51% and a return on equity of 12.98%. As a group, equities analysts forecast that Standard Motor Products, Inc. will post 4.4 earnings per share for the current year.

Standard Motor Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, May 15th. This represents a $1.32 dividend on an annualized basis and a yield of 3.3%. Standard Motor Products’s dividend payout ratio (DPR) is presently 64.71%.

Insiders Place Their Bets

In other Standard Motor Products news, VP Ray Nicholas sold 5,822 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $39.75, for a total transaction of $231,424.50. Following the transaction, the vice president owned 35,327 shares of the company’s stock, valued at $1,404,248.25. The trade was a 14.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on SMP. Zacks Research cut Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered Standard Motor Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen cut Standard Motor Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.00.

About Standard Motor Products

Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.

The company operates through two primary segments: Engine Management and Temperature Control.