Algert Global LLC Invests $2.52 Million in Standard Motor Products, Inc. (NYSE:SMP)

Algert Global LLC acquired a new stake in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 81,463 shares of the auto parts company's stock, valued at approximately $2,524,000. Algert Global LLC owned approximately 0.38% of Standard Motor Products at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Inspire Investing LLC increased its stake in shares of Standard Motor Products by 3.1% during the fourth quarter. Inspire Investing LLC now owns 12,896 shares of the auto parts company's stock worth $400,000 after purchasing an additional 383 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Standard Motor Products by 5.0% in 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 last quarter. Farther Finance Advisors LLC increased its stake in Standard Motor Products by 20.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company's stock worth $82,000 after buying an additional 453 shares in the last quarter. Barclays PLC increased its stake in Standard Motor Products by 1.2% during the 4th quarter. Barclays PLC now owns 49,118 shares of the auto parts company's stock worth $1,521,000 after buying an additional 596 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings 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 valued at $324,000 after acquiring an additional 600 shares during the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.

Standard Motor Products Price Performance

Shares of NYSE:SMP traded up $0.26 during midday trading on Tuesday, hitting $30.40. The company had a trading volume of 27,749 shares, compared to its average volume of 167,611. The business's 50-day simple moving average is $25.34 and its 200-day simple moving average is $29.47. The stock has a market cap of $668.22 million, a price-to-earnings ratio of 18.77 and a beta of 0.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. Standard Motor Products, Inc. has a twelve month low of $21.38 and a twelve month high of $35.92.

Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.44 by $0.37. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business had revenue of $413.38 million for the quarter, compared to analyst estimates of $394.38 million. During the same quarter in the previous year, the firm earned $0.45 EPS. The company's quarterly revenue was up 24.7% compared to the same quarter last year. On average, research analysts predict that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.31 dividend. This is a boost from Standard Motor Products's previous quarterly dividend of $0.29. The ex-dividend date is Thursday, May 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.08%. Standard Motor Products's dividend payout ratio is 88.57%.

Insider Activity

In related news, EVP Dale Burks sold 11,005 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total value of $299,336.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.00% 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 note on Monday, March 3rd.

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.