Standard Motor Products, Inc. (NYSE:SMP) Stake Increased by Royce & Associates LP

Royce & Associates LP raised its holdings in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,309,714 shares of the auto parts company's stock after buying an additional 26,712 shares during the period. Royce & Associates LP owned about 5.76% of Standard Motor Products worth $32,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SummerHaven Investment Management LLC lifted its position in Standard Motor Products by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 29,228 shares of the auto parts company's stock valued at $729,000 after buying an additional 463 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Standard Motor Products by 4.1% during 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 buying an additional 469 shares in the last quarter. Barclays PLC lifted its position in Standard Motor Products by 1.2% during the fourth quarter. Barclays PLC now owns 49,118 shares of the auto parts company's stock valued at $1,521,000 after buying an additional 596 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Standard Motor Products during the fourth quarter valued at approximately $30,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in Standard Motor Products by 5.3% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 22,068 shares of the auto parts company's stock valued at $683,000 after buying an additional 1,109 shares in the last quarter. 81.26% of the stock is owned by institutional investors and hedge funds.

Standard Motor Products Stock Down 0.6%

Shares of SMP traded down $0.21 during mid-day trading on Monday, reaching $32.43. 106,316 shares of the stock traded hands, compared to its average volume of 166,800. The firm has a market cap of $712.81 million, a price-to-earnings ratio of 23.16 and a beta of 0.65. The stock has a fifty day simple moving average of $31.06 and a 200 day simple moving average of $28.92. Standard Motor Products, Inc. has a 12-month low of $21.38 and a 12-month high of $35.92. The company has a quick ratio of 0.86, a current ratio of 2.32 and a debt-to-equity ratio of 0.96.

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, beating analysts' consensus estimates of $0.44 by $0.37. The company had revenue of $413.38 million for 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 business's quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. Sell-side analysts expect that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.

Standard Motor Products Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.82%. 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. Standard Motor Products's payout ratio is 88.57%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Standard Motor Products from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

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.