SG Americas Securities LLC Purchases 15,146 Shares of Standard Motor Products, Inc. (NYSE:SMP)

SG Americas Securities LLC raised its position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 144.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,604 shares of the auto parts company's stock after acquiring an additional 15,146 shares during the period. SG Americas Securities LLC owned approximately 0.12% of Standard Motor Products worth $638,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Standard Motor Products during the fourth quarter valued at about $753,000. Foundry Partners LLC raised its position in shares of Standard Motor Products by 22.4% during the fourth quarter. Foundry Partners LLC now owns 202,152 shares of the auto parts company's stock valued at $6,263,000 after buying an additional 36,947 shares during the last quarter. Rhumbline Advisers raised its position in shares of Standard Motor Products by 8.4% during the first quarter. Rhumbline Advisers now owns 128,896 shares of the auto parts company's stock valued at $3,213,000 after buying an additional 9,979 shares during the last quarter. Versor Investments LP acquired a new position in shares of Standard Motor Products during the fourth quarter valued at about $480,000. Finally, Deutsche Bank AG raised its position in shares of Standard Motor Products by 270.1% during the fourth quarter. Deutsche Bank AG now owns 48,293 shares of the auto parts company's stock valued at $1,496,000 after buying an additional 35,245 shares during the last quarter. 81.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Standard Motor Products Stock Performance

Shares of SMP traded down $0.32 during trading hours on Friday, reaching $30.33. 313,762 shares of the company traded hands, compared to its average volume of 163,846. The stock's fifty day moving average is $28.11 and its 200 day moving average is $28.83. The stock has a market cap of $666.54 million, a P/E ratio of 21.66 and a beta of 0.65. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.86 and a current ratio of 2.32. Standard Motor Products, Inc. has a 1-year low of $21.38 and a 1-year high of $35.92.

Standard Motor Products (NYSE:SMP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.37. The business had revenue of $413.38 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.31 per share. This is a positive change from Standard Motor Products's previous quarterly dividend of $0.29. The ex-dividend date was Thursday, May 15th. This represents a $1.24 annualized dividend and a dividend yield of 4.09%. Standard Motor Products's dividend payout ratio (DPR) is presently 88.57%.

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.