Standard Motor Products, Inc. (NYSE:SMP) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 80.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 17,842 shares of the auto parts company’s stock after selling 71,723 shares during the period. Jane Street Group LLC’s holdings in Standard Motor Products were worth $592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Standard Motor Products by 153.8% during the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 549 shares during the period. FMR LLC increased its position in Standard Motor Products by 64.6% during the third quarter. FMR LLC now owns 1,745 shares of the auto parts company’s stock worth $58,000 after buying an additional 685 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Standard Motor Products during the third quarter valued at about $73,000. Central Pacific Bank Trust Division bought a new stake in Standard Motor Products during the third quarter valued at about $83,000. Finally, International Assets Investment Management LLC boosted its holdings in Standard Motor Products by 3,237.5% during the third quarter. International Assets Investment Management LLC now owns 4,005 shares of the auto parts company’s stock valued at $121,000 after acquiring an additional 3,885 shares during the period. Institutional investors and hedge funds own 81.26% of the company’s stock.

Insider Transactions at Standard Motor Products

In related news, VP Ray Nicholas sold 4,730 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $34.11, for a total value of $161,340.30. Following the completion of the sale, the vice president now owns 46,385 shares of the company’s stock, valued at $1,582,192.35. This trade represents a 9.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Carmine Joseph Broccole sold 913 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total transaction of $31,918.48. Following the completion of the transaction, the insider now directly owns 81,241 shares in the company, valued at approximately $2,840,185.36. The trade was a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,184 shares of company stock valued at $387,041. Corporate insiders own 5.00% of the company’s stock.

Standard Motor Products Stock Up 0.8 %

NYSE SMP opened at $30.82 on Friday. 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 firm has a 50-day simple moving average of $32.59 and a 200 day simple moving average of $31.45. Standard Motor Products, Inc. has a twelve month low of $26.09 and a twelve month high of $41.71. The stock has a market cap of $669.47 million, a PE ratio of 19.02 and a beta of 0.52.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. The firm had revenue of $399.27 million during the quarter, compared to analysts’ expectations of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. On average, research analysts forecast 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, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Friday, November 15th. Standard Motor Products’s payout ratio is 71.60%.

About Standard Motor Products

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.