Deutsche Bank AG Purchases 35,245 Shares of Standard Motor Products, Inc. (NYSE:SMP)

Deutsche Bank AG raised its stake in Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 270.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,293 shares of the auto parts company's stock after acquiring an additional 35,245 shares during the quarter. Deutsche Bank AG owned about 0.22% of Standard Motor Products worth $1,496,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bridgeway Capital Management LLC increased its stake in Standard Motor Products by 2.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 192,284 shares of the auto parts company's stock worth $5,957,000 after acquiring an additional 5,341 shares during the period. Bank of America Corp DE increased its stake in shares of Standard Motor Products by 4.1% in the fourth quarter. Bank of America Corp DE now owns 57,421 shares of the auto parts company's stock valued at $1,779,000 after buying an additional 2,268 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Standard Motor Products by 143.6% during the fourth quarter. BNP Paribas Financial Markets now owns 48,032 shares of the auto parts company's stock worth $1,488,000 after purchasing an additional 28,311 shares during the period. Algert Global LLC bought a new stake in shares of Standard Motor Products in the 4th quarter valued at about $2,524,000. Finally, Northern Trust Corp increased its position in Standard Motor Products by 3.8% during the 4th quarter. Northern Trust Corp now owns 334,037 shares of the auto parts company's stock valued at $10,348,000 after purchasing an additional 12,379 shares during the period. 81.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 dated Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total transaction of $299,336.00. Following the sale, the executive vice president now directly owns 56,860 shares of the company's stock, 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 through this link. Company insiders own 5.00% of the company's stock.

Standard Motor Products Stock Up 1.7%

Shares of NYSE:SMP traded up $0.50 during trading on Thursday, reaching $30.20. 109,395 shares of the stock were exchanged, compared to its average volume of 168,905. Standard Motor Products, Inc. has a 1-year low of $21.38 and a 1-year high of $35.92. The stock has a fifty day moving average of $26.09 and a two-hundred day moving average of $29.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. The firm has a market cap of $663.76 million, a price-to-earnings ratio of 18.64 and a beta of 0.62.

Standard Motor Products (NYSE:SMP - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $413.38 million during the quarter, compared to the consensus estimate of $394.38 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company's quarterly revenue was up 24.7% compared to the same quarter last year. Research analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

Standard Motor Products Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.11%. This is an increase from Standard Motor Products's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, May 15th. Standard Motor Products's dividend payout ratio (DPR) is presently 88.57%.

Analyst Ratings Changes

Separately, Wall Street Zen cut 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.