1 week Ago By Defense World Staff
Corebridge Financial Inc. decreased its position in Standard Motor Products, Inc. ( NYSE:SMP – Free Report ) by 7.
2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,127 shares of the auto parts company’s stock after selling 868 shares during the period. Corebridge Financial Inc.
owned 0.05% of Standard Motor Products worth $345,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently bought and sold shares of the company.
Vanguard Group Inc. lifted its holdings in shares of Standard Motor Products by 4.3% in the 4th quarter.
Vanguard Group Inc. now owns 1,655,886 shares of the auto parts company’s stock worth $51,299,000 after buying an additional 69,000 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Standard Motor Products in the fourth quarter valued at about $499,000.
American Century Companies Inc. grew its holdings in Standard Motor Products by 21.1% during the 4th quarter.
American Century Companies Inc. now owns 497,258 shares of the auto parts company’s stock worth $15,405,000 after acquiring an additional 86,640 shares in the last quarter. Semanteon Capital Management LP bought a new position in shares of Standard Motor Products during the fourth quarter valued at approximately $289,000.
Finally, Magnetar Financial LLC purchased a new position in Standard Motor Products during the fourth quarter valued at approximately $244,000. Institutional investors own 81.26% of the company’s stock.
Analysts Set New Price Targets Separately, StockNews.com lowered Standard Motor Products from a “strong-buy” rating to a “hold” rating in a report 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 that occurred on Tuesday, March 11th.
The shares were sold at an average price of $27.20, for a total value of $299,336.00.
Following the completion of the sale, the executive vice president now directly owns 56,860 shares in the company, valued at $1,546,592. This trade represents a 16.22 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . 5.00% of the stock is owned by company insiders.
Standard Motor Products Price Performance SMP opened at $22.27 on Friday. The firm has a market capitalization of $486.
76 million, a PE ratio of 13.74 and a beta of 0.57.
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 business’s 50-day moving average is $27.47 and its two-hundred day moving average is $30.
36. Standard Motor Products, Inc. has a 1 year low of $21.
66 and a 1 year high of $35.92. Standard Motor Products ( NYSE:SMP – Get Free Report ) last issued its quarterly earnings data on Thursday, February 27th.
The auto parts company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $292.
50 million. Research analysts anticipate that Standard Motor Products, Inc. will post 3.
08 earnings per share for the current fiscal year. Standard Motor Products Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.
29 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.
16 dividend on an annualized basis and a dividend yield of 5.21%. Standard Motor Products’s payout ratio is 100.
81%. Standard Motor Products Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Standard Motor Products When to Sell a Stock for Profit or Loss Joby Aviation: Operational Momentum vs. Market Sentiment What Investors Need to Know About Upcoming IPOs Broadcom’s Big Outperformance Shows Strength Amid Tariff Decline Business Services Stocks Investing Carvana: Can Turnaround Strength Outdrive Market Headwinds? Want to see what other hedge funds are holding SMP? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Standard Motor Products, Inc. ( NYSE:SMP – Free Report ). Receive News & Ratings for Standard Motor Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Motor Products and related companies with MarketBeat.
com's FREE daily email newsletter ..
