Versor Investments LP Invests $480,000 in Standard Motor Products, Inc. (NYSE:SMP)

Versor Investments LP bought a new stake in shares of Standard Motor Products, Inc. (NYSE:SMP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,500 shares of the auto parts company’s stock, valued at approximately $480,000. Versor Investments LP owned about 0.07% of Standard Motor Products at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Standard Motor Products in the fourth quarter valued at $753,000. Illinois Municipal Retirement Fund raised 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 purchasing an additional 600 shares during the period. Bank of New York Mellon Corp raised its position in shares of Standard Motor Products by 26.7% during the fourth quarter. Bank of New York Mellon Corp now owns 331,078 shares of the auto parts company’s stock worth $10,257,000 after purchasing an additional 69,717 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Standard Motor Products by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 108,684 shares of the auto parts company’s stock valued at $3,367,000 after purchasing an additional 3,771 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Standard Motor Products by 15.9% in the 4th quarter. Rhumbline Advisers now owns 118,917 shares of the auto parts company’s stock valued at $3,684,000 after purchasing an additional 16,330 shares during the period. 81.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 31st.

Insider Activity

In other news, VP Ray Nicholas sold 4,730 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $34.11, for a total transaction of $161,340.30. Following the transaction, the vice president now directly owns 46,385 shares in the company, valued at $1,582,192.35. The trade was a 9.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.00% of the stock is owned by corporate insiders.

Standard Motor Products Trading Down 0.3 %

NYSE SMP opened at $28.54 on Friday. The firm’s 50 day moving average price is $30.86 and its two-hundred day moving average price is $31.77. 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 twelve month low of $26.09 and a twelve month high of $35.92. The stock has a market cap of $619.97 million, a price-to-earnings ratio of 17.62 and a beta of 0.52.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.37 by $0.10. The business had revenue of $343.35 million during the quarter, compared to analysts’ expectations of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. Equities analysts anticipate that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.06%. Standard Motor Products’s dividend payout ratio is 76.54%.

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.