Azarias Capital Management L.P. Has $6.63 Million Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Azarias Capital Management L.P. lessened its stake in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 26.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 266,053 shares of the auto parts company's stock after selling 96,589 shares during the period. Standard Motor Products comprises about 3.7% of Azarias Capital Management L.P.'s holdings, making the stock its 9th biggest position. Azarias Capital Management L.P. owned about 1.22% of Standard Motor Products worth $6,633,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in SMP. Aquatic Capital Management LLC purchased a new stake in Standard Motor Products during the fourth quarter worth about $30,000. Farther Finance Advisors LLC increased its holdings in Standard Motor Products by 20.6% during the fourth 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. Central Pacific Bank Trust Division increased its holdings in Standard Motor Products by 68.0% during the first quarter. Central Pacific Bank Trust Division now owns 4,200 shares of the auto parts company's stock worth $105,000 after buying an additional 1,700 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Standard Motor Products during the first quarter worth about $110,000. Finally, Polymer Capital Management US LLC purchased a new stake in Standard Motor Products during the fourth quarter worth about $239,000. Hedge funds and other institutional investors own 81.26% of the company's stock.

Standard Motor Products Stock Performance

NYSE SMP traded up $0.43 during trading hours on Monday, reaching $30.69. 170,323 shares of the company were exchanged, compared to its average volume of 163,872. The company has a quick ratio of 0.86, a current ratio of 2.32 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $674.57 million, a P/E ratio of 21.92 and a beta of 0.65. Standard Motor Products, Inc. has a 1 year low of $21.38 and a 1 year high of $35.92. The business's 50 day simple moving average is $28.27 and its 200-day simple moving average is $28.81.

Standard Motor Products (NYSE:SMP - Get Free Report) last posted its earnings results on Wednesday, April 30th. The auto parts company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.37. The firm had revenue of $413.38 million during the quarter, compared to the consensus estimate of $394.38 million. Standard Motor Products had a net margin of 2.02% and a return on equity of 12.12%. The company's revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. On average, equities research analysts expect that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a $0.31 dividend. This is an increase from Standard Motor Products's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.04%. Standard Motor Products's dividend payout ratio (DPR) is presently 88.57%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of 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.