UBS Asset Management Americas Inc. continued to hold its stake in Standard Motor Products, Inc. (NYSE:SMP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,213 shares of the auto parts company’s stock at the end of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in Standard Motor Products were worth $220,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SMP. Parametric Portfolio Associates LLC lifted its position in Standard Motor Products by 15.3% in the first quarter. Parametric Portfolio Associates LLC now owns 41,796 shares of the auto parts company’s stock valued at $2,054,000 after purchasing an additional 5,539 shares during the period. JPMorgan Chase & Co. lifted its position in Standard Motor Products by 41.8% in the first quarter. JPMorgan Chase & Co. now owns 82,913 shares of the auto parts company’s stock valued at $4,074,000 after purchasing an additional 24,430 shares during the period. Alliancebernstein L.P. lifted its position in Standard Motor Products by 1.9% in the first quarter. Alliancebernstein L.P. now owns 26,800 shares of the auto parts company’s stock valued at $1,317,000 after purchasing an additional 500 shares during the period. OppenheimerFunds Inc. lifted its position in Standard Motor Products by 40.3% in the first quarter. OppenheimerFunds Inc. now owns 16,850 shares of the auto parts company’s stock valued at $828,000 after purchasing an additional 4,841 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Standard Motor Products by 3.4% in the first quarter. Principal Financial Group Inc. now owns 165,662 shares of the auto parts company’s stock valued at $8,140,000 after purchasing an additional 5,434 shares during the period. Hedge funds and other institutional investors own 78.65% of the company’s stock.

In other Standard Motor Products news, VP Thomas Tesoro sold 775 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $44.18, for a total value of $34,239.50. Following the completion of the transaction, the vice president now directly owns 31,456 shares of the company’s stock, valued at $1,389,726.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Lawrence I. Sills sold 5,002 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $44.10, for a total transaction of $220,588.20. Following the completion of the transaction, the chairman now directly owns 704,696 shares of the company’s stock, valued at $31,077,093.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,899 shares of company stock valued at $4,706,903. 6.60% of the stock is currently owned by corporate insiders.

Standard Motor Products, Inc. (SMP) opened at $42.77 on Friday. The firm has a market cap of $967.37, a PE ratio of 15.78, a PEG ratio of 2.66 and a beta of 1.80.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Thursday, October 26th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.12). Standard Motor Products had a net margin of 4.97% and a return on equity of 13.68%. The company had revenue of $281.06 million during the quarter. During the same period in the previous year, the business posted $0.92 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. research analysts anticipate that Standard Motor Products, Inc. will post 2.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.78%. Standard Motor Products’s dividend payout ratio (DPR) is presently 32.20%.

A number of equities research analysts recently commented on the stock. FBR & Co restated a “hold” rating and issued a $48.00 price objective on shares of Standard Motor Products in a research report on Friday, October 27th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective on shares of Standard Motor Products in a research report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Standard Motor Products from a “hold” rating to a “strong sell” rating in a research report on Monday, October 30th. BidaskClub downgraded shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, ValuEngine downgraded shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Standard Motor Products presently has a consensus rating of “Hold” and a consensus price target of $54.00.

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Standard Motor Products Company Profile

Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.

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

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