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

SG Americas Securities LLC boosted its position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 144.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,604 shares of the auto parts company's stock after purchasing an additional 15,146 shares during the quarter. SG Americas Securities LLC owned about 0.12% of Standard Motor Products worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Aquatic Capital Management LLC acquired a new stake in shares of Standard Motor Products during the fourth quarter worth $30,000. Farther Finance Advisors LLC boosted 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 grew its position in shares of Standard Motor Products by 68.0% during the 1st 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 period. Harbor Capital Advisors Inc. acquired a new position in shares of Standard Motor Products during the 1st quarter worth about $110,000. Finally, Polymer Capital Management US LLC bought a new stake in shares of Standard Motor Products in the 4th quarter valued at about $239,000. 81.26% of the stock is currently owned by institutional investors and hedge funds.

Standard Motor Products Trading Down 1.7%

Shares of SMP stock traded down $0.52 on Wednesday, hitting $29.79. The stock had a trading volume of 175,247 shares, compared to its average volume of 163,963. The company has a current ratio of 2.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96. Standard Motor Products, Inc. has a twelve month low of $21.38 and a twelve month high of $35.92. The company has a fifty day moving average price of $28.42 and a two-hundred day moving average price of $28.82. The firm has a market cap of $654.78 million, a P/E ratio of 21.28 and a beta of 0.65.

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. Standard Motor Products had a return on equity of 12.12% and a net margin of 2.02%. The firm had revenue of $413.38 million for the quarter, compared to analyst estimates of $394.38 million. During the same period in the previous year, the company posted $0.45 earnings per share. The company's revenue for the quarter was up 24.7% on a year-over-year basis. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a $0.31 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This is a positive change from Standard Motor Products's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 4.16%. Standard Motor Products's payout ratio is currently 88.57%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Standard Motor Products from a "strong-buy" rating to a "hold" rating in a 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.