Dean Capital Management Has $429,000 Holdings in Standard Motor Products, Inc. $SMP

Dean Capital Management cut its position in Standard Motor Products, Inc. (NYSE:SMP) by 77.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,634 shares of the auto parts company’s stock after selling 39,771 shares during the period. Dean Capital Management’s holdings in Standard Motor Products were worth $429,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in Standard Motor Products by 235.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 1,613 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Standard Motor Products during the 3rd quarter worth about $99,000. Quantbot Technologies LP bought a new stake in shares of Standard Motor Products in the 3rd quarter valued at about $108,000. Zacks Investment Management bought a new stake in shares of Standard Motor Products in the 3rd quarter valued at about $202,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Standard Motor Products in the 2nd quarter valued at about $205,000. 81.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Standard Motor Products

In other news, VP Ray Nicholas sold 5,822 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $39.75, for a total value of $231,424.50. Following the transaction, the vice president owned 35,327 shares in the company, valued at approximately $1,404,248.25. The trade was a 14.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Standard Motor Products Stock Down 0.1%

SMP stock opened at $39.38 on Friday. The company has a market cap of $876.51 million, a PE ratio of 19.30 and a beta of 0.81. The business has a 50-day simple moving average of $38.39 and a 200 day simple moving average of $38.66. Standard Motor Products, Inc. has a 52 week low of $29.44 and a 52 week high of $46.00. The company has a quick ratio of 0.78, a current ratio of 2.23 and a debt-to-equity ratio of 0.86.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Thursday, April 30th. The auto parts company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.73 by $0.09. The firm had revenue of $451.17 million during the quarter, compared to the consensus estimate of $429.07 million. Standard Motor Products had a return on equity of 12.98% and a net margin of 2.51%. Sell-side analysts anticipate that Standard Motor Products, Inc. will post 4.4 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, May 15th. Standard Motor Products’s dividend payout ratio is 64.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SMP shares. Weiss Ratings cut Standard Motor Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Wall Street Zen lowered Standard Motor Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Zacks Research lowered Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Standard Motor Products has an average rating of “Hold” and an average target price of $49.00.

Standard Motor Products Company Profile

Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.

The company operates through two primary segments: Engine Management and Temperature Control.