XTX Topco Ltd Takes Position in Standard Motor Products, Inc. (NYSE:SMP)

XTX Topco Ltd purchased a new position in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,384 shares of the auto parts company's stock, valued at approximately $570,000. XTX Topco Ltd owned about 0.08% of Standard Motor Products at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Standard Motor Products by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 1,655,886 shares of the auto parts company's stock valued at $51,299,000 after buying an additional 69,000 shares during the period. William Blair Investment Management LLC boosted its stake in Standard Motor Products by 2.1% during the 4th quarter. William Blair Investment Management LLC now owns 929,813 shares of the auto parts company's stock worth $28,806,000 after acquiring an additional 19,180 shares during the last quarter. State Street Corp grew its holdings in Standard Motor Products by 2.6% during the third quarter. State Street Corp now owns 783,593 shares of the auto parts company's stock valued at $26,015,000 after purchasing an additional 19,652 shares during the period. American Century Companies Inc. increased its stake in Standard Motor Products by 21.1% in the fourth quarter. American Century Companies Inc. now owns 497,258 shares of the auto parts company's stock valued at $15,405,000 after purchasing an additional 86,640 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Standard Motor Products by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 494,489 shares of the auto parts company's stock worth $15,323,000 after purchasing an additional 9,190 shares during the period. 81.26% of the stock is owned by institutional investors and hedge funds.

Standard Motor Products Stock Down 1.4 %

NYSE:SMP traded down $0.34 on Friday, hitting $23.91. 32,702 shares of the company's stock were exchanged, compared to its average volume of 163,270. The firm has a 50-day moving average price of $25.98 and a 200-day moving average price of $29.76. Standard Motor Products, Inc. has a 52 week low of $21.38 and a 52 week high of $35.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82. The company has a market cap of $522.61 million, a P/E ratio of 14.73 and a beta of 0.57.

Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.10. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm had revenue of $343.35 million for the quarter, compared to analyst estimates of $292.50 million. As a group, analysts expect that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 4.85%. Standard Motor Products's dividend payout ratio is currently 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 note on Monday, March 3rd.

Insider Buying and Selling

In related news, EVP Dale Burks sold 11,005 shares of Standard Motor Products stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $27.20, for a total transaction of $299,336.00. Following the completion of the sale, the executive vice president now owns 56,860 shares of the company's stock, valued at approximately $1,546,592. The trade was a 16.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by insiders.

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.