Versor Investments LP Has $738,000 Stock Position in Standard Motor Products, Inc. $SMP

Key Points

• Versor Investments LP has increased its stake in Standard Motor Products by 91.0% in the first quarter, acquiring an additional 14,100 shares to reach ownership of 0.13% of the company.
• Standard Motor Products reported $1.29 EPS for the last quarter, exceeding analysts' expectations of $0.97, alongside a 26.7% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.31 per share with a yield of 3.3%, reflecting a dividend payout ratio of 70.45%.

Versor Investments LP lifted its position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 91.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 29,600 shares of the auto parts company's stock after purchasing an additional 14,100 shares during the quarter. Versor Investments LP owned about 0.13% of Standard Motor Products worth $738,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SMP. Raymond James Financial Inc. purchased a new position in Standard Motor Products in the fourth quarter valued at about $2,710,000. Algert Global LLC acquired a new position in shares of Standard Motor Products in the 4th quarter valued at approximately $2,524,000. Nuveen LLC acquired a new position in shares of Standard Motor Products in the 1st quarter valued at approximately $1,964,000. Invesco Ltd. raised its position in shares of Standard Motor Products by 32.5% during the 4th quarter. Invesco Ltd. now owns 189,589 shares of the auto parts company's stock valued at $5,873,000 after acquiring an additional 46,482 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Standard Motor Products by 8.2% during the 1st quarter. American Century Companies Inc. now owns 538,266 shares of the auto parts company's stock valued at $13,419,000 after acquiring an additional 41,008 shares in the last quarter. Hedge funds and other institutional investors own 81.26% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Standard Motor Products from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th.

Standard Motor Products Stock Performance

Shares of NYSE:SMP traded up $1.29 on Friday, hitting $38.74. The company's stock had a trading volume of 200,025 shares, compared to its average volume of 175,968. Standard Motor Products, Inc. has a 12 month low of $21.38 and a 12 month high of $40.18. The company has a market capitalization of $851.89 million, a price-to-earnings ratio of 22.01 and a beta of 0.63. The stock's 50-day moving average is $33.36 and its two-hundred day moving average is $29.56. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 2.16.

Standard Motor Products (NYSE:SMP - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The auto parts company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.32. Standard Motor Products had a return on equity of 12.98% and a net margin of 2.39%.The company had revenue of $493.85 million during the quarter, compared to analysts' expectations of $450.21 million. During the same quarter in the prior year, the business posted $0.98 earnings per share. The company's revenue for the quarter was up 26.7% compared to the same quarter last year. On average, equities research analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current year.

Standard Motor Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.24 annualized dividend and a yield of 3.2%. Standard Motor Products's dividend payout ratio (DPR) is currently 70.45%.

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.