Semanteon Capital Management LP Buys New Holdings in Standard Motor Products, Inc. (NYSE:SMP)

Semanteon Capital Management LP acquired a new position in shares of Standard Motor Products, Inc. (NYSE:SMP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,326 shares of the auto parts company’s stock, valued at approximately $289,000.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Standard Motor Products during the fourth quarter worth $753,000. Geode Capital Management LLC raised its stake in Standard Motor Products by 5.9% during the third quarter. Geode Capital Management LLC now owns 485,299 shares of the auto parts company’s stock worth $16,115,000 after acquiring an additional 27,210 shares in the last quarter. State Street Corp raised its stake 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 worth $26,015,000 after acquiring an additional 19,652 shares in the last quarter. Franklin Resources Inc. acquired a new position in Standard Motor Products during the third quarter worth $3,876,000. Finally, Intech Investment Management LLC raised its stake in Standard Motor Products by 274.6% during the third quarter. Intech Investment Management LLC now owns 37,119 shares of the auto parts company’s stock worth $1,232,000 after acquiring an additional 27,210 shares in the last quarter. 81.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Insider Activity at Standard Motor Products

In related news, EVP Dale Burks sold 11,005 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $27.20, for a total value of $299,336.00. Following the transaction, the executive vice president now owns 56,860 shares in the company, valued at $1,546,592. This trade represents a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is owned by company insiders.

Standard Motor Products Price Performance

Shares of SMP stock opened at $25.71 on Friday. The stock’s fifty day moving average is $29.72 and its 200-day moving average is $31.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.82 and a current ratio of 2.25. The stock has a market capitalization of $562.16 million, a PE ratio of 15.87 and a beta of 0.50. Standard Motor Products, Inc. has a 52 week low of $25.66 and a 52 week high of $35.92.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Thursday, February 27th. The auto parts company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.37 by $0.10. The company had revenue of $343.35 million for the quarter, compared to analysts’ expectations of $292.50 million. Standard Motor Products had a return on equity of 10.42% and a net margin of 2.56%. Equities research analysts expect that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Friday, February 14th. Standard Motor Products’s dividend payout ratio is 100.81%.

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.