ExodusPoint Capital Management LP Takes $397,000 Position in Standard Motor Products, Inc. (NYSE:SMP)

ExodusPoint Capital Management LP purchased a new stake in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,820 shares of the auto parts company's stock, valued at approximately $397,000. ExodusPoint Capital Management LP owned about 0.06% of Standard Motor Products at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMP. Versant Capital Management Inc grew its position 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 worth $32,000 after acquiring an additional 614 shares during the period. FMR LLC increased its stake in Standard Motor Products by 64.6% during the third 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 period. Farther Finance Advisors LLC boosted its stake in shares of Standard Motor Products by 20.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company's stock valued at $82,000 after purchasing an additional 453 shares during the period. Magnetar Financial LLC acquired a new stake in Standard Motor Products during the 4th quarter worth approximately $244,000. Finally, Semanteon Capital Management LP acquired a new position in shares of Standard Motor Products in the fourth quarter worth $289,000. 81.26% of the stock is currently owned by institutional investors and hedge funds.

Standard Motor Products Stock Performance

Shares of SMP stock traded up $0.38 during midday trading on Friday, hitting $23.74. The company had a trading volume of 185,611 shares, compared to its average volume of 163,041. The stock has a market cap of $519.07 million, a price-to-earnings ratio of 14.66 and a beta of 0.57. The company's 50 day simple moving average is $26.67 and its 200 day simple moving average is $30.03. Standard Motor Products, Inc. has a 52-week low of $21.38 and a 52-week high of $35.92. 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 (NYSE:SMP - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $292.50 million. Research analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 4.89%. Standard Motor Products's payout ratio is 100.81%.

Insider Buying and Selling at Standard Motor Products

In related news, EVP Dale Burks sold 11,005 shares of Standard Motor Products stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total value of $299,336.00. Following the completion of the transaction, the executive vice president now directly owns 56,860 shares of the company's stock, valued at $1,546,592. The trade was a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Standard Motor Products 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.