Standard Motor Products, Inc. (NYSE:SMP) Stock Position Raised by Invesco Ltd.

Invesco Ltd. raised its holdings in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 32.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,589 shares of the auto parts company's stock after acquiring an additional 46,482 shares during the quarter. Invesco Ltd. owned approximately 0.87% of Standard Motor Products worth $5,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in Standard Motor Products during the 4th quarter worth about $753,000. Geode Capital Management LLC raised its position in shares of Standard Motor Products by 5.9% in the third quarter. Geode Capital Management LLC now owns 485,299 shares of the auto parts company's stock valued at $16,115,000 after buying an additional 27,210 shares during the last quarter. Foundry Partners LLC lifted its stake 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 period. Franklin Resources Inc. acquired a new stake in Standard Motor Products during the third quarter worth approximately $3,876,000. Finally, Versor Investments LP purchased a new stake in Standard Motor Products in the 4th quarter worth approximately $480,000. Institutional investors and hedge funds own 81.26% of the company's stock.

Standard Motor Products Stock Up 0.4 %

Shares of SMP traded up $0.11 during mid-day trading on Thursday, reaching $27.21. 37,882 shares of the stock traded hands, compared to its average volume of 165,870. The stock has a fifty day simple moving average of $25.47 and a 200 day simple moving average of $29.59. 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 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The firm has a market cap of $618.70 million, a price-to-earnings ratio of 16.77 and a beta of 0.57.

Standard Motor Products (NYSE:SMP - Get Free Report) last released its earnings results on Wednesday, April 30th. The auto parts company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.44 by $0.37. The company had revenue of $413.38 million during the quarter, compared to analysts' expectations of $394.38 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. The business's revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a $0.31 dividend. This is an increase from Standard Motor Products's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.56%. Standard Motor Products's dividend payout ratio (DPR) is presently 100.81%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Standard Motor Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd.

Insider Activity

In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of Standard Motor Products stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total transaction of $299,336.00. Following the sale, the executive vice president now owns 56,860 shares of the company's stock, valued at $1,546,592. The trade was a 16.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.00% of the company's stock.

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.