First National Bank of Omaha Buys 2,497 Shares of Standard Motor Products, Inc. (NYSE:SMP)

First National Bank of Omaha grew its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 11.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,824 shares of the auto parts company’s stock after buying an additional 2,497 shares during the quarter. First National Bank of Omaha owned approximately 0.11% of Standard Motor Products worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Comerica Bank grew its stake in shares of Standard Motor Products by 0.9% during the third quarter. Comerica Bank now owns 22,544 shares of the auto parts company’s stock worth $1,122,000 after buying an additional 211 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Standard Motor Products by 4.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,594 shares of the auto parts company’s stock worth $480,000 after buying an additional 437 shares during the last quarter. Swiss National Bank grew its stake in shares of Standard Motor Products by 2.2% during the second quarter. Swiss National Bank now owns 37,600 shares of the auto parts company’s stock worth $1,705,000 after buying an additional 800 shares during the last quarter. Invesco Ltd. grew its stake in shares of Standard Motor Products by 2.0% during the second quarter. Invesco Ltd. now owns 52,924 shares of the auto parts company’s stock worth $2,400,000 after buying an additional 1,039 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Standard Motor Products by 0.8% during the second quarter. Russell Investments Group Ltd. now owns 159,704 shares of the auto parts company’s stock worth $7,241,000 after buying an additional 1,251 shares during the last quarter. 78.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Standard Motor Products stock opened at $55.37 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.06. Standard Motor Products, Inc. has a twelve month low of $42.03 and a twelve month high of $55.85. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 1.58 and a beta of 1.01. The company’s fifty day moving average is $49.19 and its 200 day moving average is $46.82.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.10. Standard Motor Products had a net margin of 4.35% and a return on equity of 14.40%. The company had revenue of $307.70 million for the quarter, compared to analysts’ expectations of $311.11 million. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Standard Motor Products’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts anticipate that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.66%. Standard Motor Products’s dividend payout ratio is 36.08%.

In related news, SVP Carmine Joseph Broccole sold 707 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $49.17, for a total value of $34,763.19. Following the sale, the senior vice president now owns 59,928 shares of the company’s stock, valued at $2,946,659.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO James J. Burke sold 600 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $49.53, for a total transaction of $29,718.00. Following the completion of the sale, the chief operating officer now directly owns 56,108 shares in the company, valued at approximately $2,779,029.24. The disclosure for this sale can be found here. In the last three months, insiders sold 67,146 shares of company stock worth $3,319,752. 6.60% of the stock is currently owned by insiders.

A number of research firms have weighed in on SMP. Peel Hunt reaffirmed a “hold” rating on shares of Standard Motor Products in a research note on Tuesday, October 22nd. Zacks Investment Research cut shares of Standard Motor Products from a “buy” rating to a “sell” rating and set a $56.00 target price on the stock. in a research note on Monday, November 4th.

Standard Motor Products Profile

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.

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Institutional Ownership by Quarter for Standard Motor Products (NYSE:SMP)

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