Zebra Capital Management LLC decreased its holdings in shares of Standard Motor Products, Inc. (NYSE:SMP) by 27.8% in the 2nd quarter, Holdings Channel reports. The firm owned 15,848 shares of the auto parts company’s stock after selling 6,099 shares during the quarter. Zebra Capital Management LLC’s holdings in Standard Motor Products were worth $766,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. US Bancorp DE lifted its stake in Standard Motor Products by 121.9% during the second quarter. US Bancorp DE now owns 2,135 shares of the auto parts company’s stock worth $104,000 after purchasing an additional 1,173 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in Standard Motor Products by 8.7% during the first quarter. Coldstream Capital Management Inc. now owns 15,263 shares of the auto parts company’s stock worth $726,000 after purchasing an additional 1,226 shares during the last quarter. Citadel Advisors LLC lifted its stake in Standard Motor Products by 3.3% during the first quarter. Citadel Advisors LLC now owns 46,882 shares of the auto parts company’s stock worth $2,230,000 after purchasing an additional 1,493 shares during the last quarter. Rhumbline Advisers lifted its stake in Standard Motor Products by 2.8% during the second quarter. Rhumbline Advisers now owns 64,097 shares of the auto parts company’s stock worth $3,098,000 after purchasing an additional 1,717 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Standard Motor Products by 4.7% during the second quarter. Legal & General Group Plc now owns 39,968 shares of the auto parts company’s stock worth $1,958,000 after purchasing an additional 1,810 shares during the last quarter. Hedge funds and other institutional investors own 83.31% of the company’s stock.

Shares of NYSE SMP opened at $51.69 on Friday. Standard Motor Products, Inc. has a twelve month low of $40.56 and a twelve month high of $52.20. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.45 and a beta of 1.65.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.05). Standard Motor Products had a net margin of 2.66% and a return on equity of 12.38%. The firm had revenue of $286.64 million during the quarter. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was down 8.3% compared to the same quarter last year. equities research analysts expect that Standard Motor Products, Inc. will post 2.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 15th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, August 14th. Standard Motor Products’s dividend payout ratio is currently 29.68%.

In other Standard Motor Products news, VP Ray Nicholas sold 1,281 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $48.04, for a total value of $61,539.24. Following the completion of the sale, the vice president now owns 32,250 shares in the company, valued at $1,549,290. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas Tesoro sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $51.22, for a total value of $51,220.00. Following the completion of the sale, the vice president now owns 30,456 shares of the company’s stock, valued at approximately $1,559,956.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,281 shares of company stock valued at $312,759. 6.60% of the stock is owned by company insiders.

SMP has been the subject of several recent analyst reports. CL King cut Standard Motor Products from a “buy” rating to a “neutral” rating in a research note on Monday, July 9th. Zacks Investment Research cut Standard Motor Products from a “hold” rating to a “strong sell” rating in a research note on Monday, July 30th. Finally, ValuEngine upgraded Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.50.

About Standard Motor Products

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. Its Engine Management segment manufactures and distributes engine management replacement parts, including electronic ignition control modules, fuel injectors, remanufactured diesel injectors and pumps, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, various sensors primarily measuring temperature, vehicle systems, electronic throttle bodies, and other engine management components primarily under the Standard, Blue Streak, BWD, Select, Intermotor, OEM, LockSmart, TechSmart, Tech Expert, and GP Sorensen brands.

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

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