GAMMA Investing LLC Increases Stock Holdings in Standard Motor Products, Inc. (NYSE:SMP)

GAMMA Investing LLC lifted its stake in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 2,880.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,351 shares of the auto parts company's stock after buying an additional 25,467 shares during the period. GAMMA Investing LLC owned about 0.12% of Standard Motor Products worth $657,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SMP. Central Pacific Bank Trust Division boosted 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 purchasing an additional 1,700 shares during the last quarter. Probity Advisors Inc. lifted its position in shares of Standard Motor Products by 17.7% during the 4th quarter. Probity Advisors Inc. now owns 10,671 shares of the auto parts company's stock worth $331,000 after buying an additional 1,603 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Standard Motor Products by 3.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,660 shares of the auto parts company's stock worth $1,415,000 after buying an additional 1,388 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Standard Motor Products by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,900 shares of the auto parts company's stock valued at $369,000 after acquiring an additional 469 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Standard Motor Products by 46.3% in the fourth quarter. Lazard Asset Management LLC now owns 36,364 shares of the auto parts company's stock valued at $1,126,000 after acquiring an additional 11,508 shares in the last quarter. Institutional investors own 81.26% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Standard Motor Products from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd.

Standard Motor Products Stock Performance

Shares of NYSE SMP traded up $0.60 during mid-day trading on Thursday, reaching $30.68. 223,519 shares of the company's stock were exchanged, compared to its average volume of 168,288. The firm has a 50-day moving average price of $27.77 and a two-hundred day moving average price of $28.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.32 and a quick ratio of 0.86. The firm has a market capitalization of $674.24 million, a price-to-earnings ratio of 21.91 and a beta of 0.65. Standard Motor Products, Inc. has a 52 week low of $21.38 and a 52 week high of $35.92.

Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.37. The business 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 firm's quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. Analysts predict that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a $0.31 dividend. This is a boost from Standard Motor Products's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, May 15th. Standard Motor Products's payout ratio is currently 88.57%.

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.