Louisiana State Employees Retirement System continued to hold its stake in Standard Motor Products, Inc. (NYSE:SMP) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,200 shares of the auto parts company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Standard Motor Products were worth $428,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in Standard Motor Products by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 3,962 shares of the auto parts company’s stock valued at $206,000 after buying an additional 1,742 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Standard Motor Products during the second quarter valued at about $186,000. Caxton Associates LP acquired a new stake in Standard Motor Products during the first quarter valued at about $559,000. AQR Capital Management LLC raised its stake in Standard Motor Products by 7.8% in the first quarter. AQR Capital Management LLC now owns 27,912 shares of the auto parts company’s stock valued at $1,372,000 after buying an additional 2,030 shares during the last quarter. Finally, Gotham Asset Management LLC raised its stake in Standard Motor Products by 128.5% in the first quarter. Gotham Asset Management LLC now owns 37,395 shares of the auto parts company’s stock valued at $1,838,000 after buying an additional 21,027 shares during the last quarter. 77.90% of the stock is owned by institutional investors.

Standard Motor Products, Inc. (NYSE SMP) traded up 1.41% during midday trading on Monday, reaching $45.96. 19,928 shares of the company were exchanged. The firm has a market cap of $1.05 billion, a P/E ratio of 17.13 and a beta of 1.81. The firm’s 50-day moving average is $50.47 and its 200-day moving average is $49.60. Standard Motor Products, Inc. has a one year low of $42.11 and a one year high of $55.37.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by $0.18. The business had revenue of $312.73 million during the quarter. Standard Motor Products had a net margin of 5.55% and a return on equity of 14.83%. Standard Motor Products’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. On average, equities analysts expect that Standard Motor Products, Inc. will post $2.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, August 11th. Standard Motor Products’s dividend payout ratio (DPR) is presently 28.36%.

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Several equities research analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price objective on shares of Standard Motor Products in a research report on Wednesday, August 9th. BidaskClub lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research lowered shares of Standard Motor Products from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.

In other news, Director Peter J. Sills sold 5,456 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $50.23, for a total value of $274,054.88. Following the sale, the director now owns 364,013 shares of the company’s stock, valued at approximately $18,284,372.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Carmine Joseph Broccole sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $49.49, for a total transaction of $98,980.00. Following the completion of the sale, the senior vice president now directly owns 47,823 shares in the company, valued at approximately $2,366,760.27. The disclosure for this sale can be found here. Insiders sold a total of 32,750 shares of company stock worth $1,645,693 in the last three months. Insiders own 6.60% of the company’s stock.

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.

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

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