Dean Investment Associates LLC Sells 32,938 Shares of Standard Motor Products, Inc. (NYSE:SMP)

Dean Investment Associates LLC lowered its stake in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,931 shares of the auto parts company's stock after selling 32,938 shares during the period. Dean Investment Associates LLC owned approximately 0.45% of Standard Motor Products worth $3,034,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Standard Motor Products by 147.2% during the 4th 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 grew its position in Standard Motor Products by 64.6% during 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 raised its position 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 during the last quarter. Polymer Capital Management US LLC acquired a new position in Standard Motor Products during the fourth quarter worth $239,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Standard Motor Products in the 4th quarter worth approximately $244,000. 81.26% of the stock is currently owned by institutional investors.

Standard Motor Products Price Performance

Shares of Standard Motor Products stock traded up $0.03 during trading on Wednesday, hitting $24.16. The stock had a trading volume of 44,363 shares, compared to its average volume of 166,595. 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 fifty-two week low of $21.38 and a fifty-two week high of $35.92. The firm has a market cap of $528.19 million, a P/E ratio of 14.91 and a beta of 0.57. The business has a fifty day moving average of $26.24 and a two-hundred day moving average of $29.84.

Standard Motor Products (NYSE:SMP - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.10. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The company had revenue of $343.35 million during the quarter, compared to the consensus estimate of $292.50 million. On average, sell-side analysts expect that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.80%. Standard Motor Products's dividend payout ratio is 100.81%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd.

Insider Buying and Selling at Standard Motor Products

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total transaction of $299,336.00. Following the completion of the sale, the executive vice president now directly owns 56,860 shares in the company, valued at $1,546,592. This represents a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.00% of the company's stock.

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.