Arrowstreet Capital Limited Partnership Has $1.62 Million Stock Position in Standard Motor Products, Inc. (NYSE:SMP)

Arrowstreet Capital Limited Partnership raised its holdings in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 474.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,407 shares of the auto parts company's stock after purchasing an additional 43,287 shares during the period. Arrowstreet Capital Limited Partnership owned 0.24% of Standard Motor Products worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in Standard Motor Products by 147.2% in the fourth quarter. Versant Capital Management Inc now owns 1,031 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 614 shares during the last quarter. FMR LLC boosted its position in shares of Standard Motor Products by 64.6% in the 3rd quarter. FMR LLC now owns 1,745 shares of the auto parts company's stock worth $58,000 after purchasing an additional 685 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Standard Motor Products by 20.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company's stock worth $82,000 after purchasing an additional 453 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Standard Motor Products during the fourth quarter worth $244,000. Finally, Semanteon Capital Management LP bought a new stake in Standard Motor Products in the fourth quarter valued at about $289,000. Institutional investors own 81.26% of the company's stock.

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 1.5 %

Shares of SMP traded up $0.35 on Wednesday, hitting $23.16. The company's stock had a trading volume of 11,982 shares, compared to its average volume of 161,434. The firm's fifty day moving average price is $26.95 and its 200-day moving average price is $30.14. Standard Motor Products, Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $35.92. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $506.32 million, a price-to-earnings ratio of 14.29 and a beta of 0.57.

Standard Motor Products (NYSE:SMP - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 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 analyst estimates of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. On average, equities research analysts expect that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Announces Dividend

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 5.01%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products's dividend payout ratio is currently 100.81%.

Analyst Ratings Changes

Separately, StockNews.com cut Standard Motor Products from a "strong-buy" rating to a "hold" rating in a report 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.