2 weeks Ago By ABMN Staff
Legal & General Group Plc lifted its stake in shares of Standard Motor Products, Inc. ( NYSE:SMP – Free Report ) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 55,668 shares of the auto parts company’s stock after purchasing an additional 2,843 shares during the period. Legal & General Group Plc owned about 0.26% of Standard Motor Products worth $1,725,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in shares of Standard Motor Products by 147.2% in the fourth quarter.
Versant Capital Management Inc now owns 1,031 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 614 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Standard Motor Products by 20.6% in the 4th quarter.
Farther Finance Advisors LLC now owns 2,651 shares of the auto parts company’s stock valued at $82,000 after purchasing an additional 453 shares in the last quarter. Polymer Capital Management US LLC purchased a new position in Standard Motor Products in the 4th quarter valued at $239,000. Magnetar Financial LLC acquired a new stake in Standard Motor Products during the 4th quarter worth $244,000.
Finally, Semanteon Capital Management LP purchased a new stake in shares of Standard Motor Products during the fourth quarter worth $289,000. Institutional investors and hedge funds own 81.26% of the company’s stock.
Insider Activity In other Standard Motor Products news, EVP Dale Burks sold 11,005 shares of Standard Motor Products stock in a transaction that occurred on 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 directly owns 56,860 shares in the company, valued at approximately $1,546,592. This trade represents a 16.
22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Corporate insiders own 5.
00% of the company’s stock. Standard Motor Products Stock Down 0.6 % Standard Motor Products ( NYSE:SMP – Get Free Report ) last released 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 firm had revenue of $343.35 million during 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%. Research analysts predict that Standard Motor Products, Inc. will post 3.
08 EPS for the current year. Standard Motor Products Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.
29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.
82%. The ex-dividend date was Friday, February 14th. Standard Motor Products’s dividend payout ratio is currently 100.
81%. Analyst Upgrades and Downgrades Separately, StockNews.com lowered shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd.
Read Our Latest Report on Standard Motor Products 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.
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