Quantamental Technologies LLC Acquires Shares of 1,083 Standard Motor Products, Inc. (SMP)

Quantamental Technologies LLC acquired a new stake in Standard Motor Products, Inc. (NYSE:SMP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,083 shares of the auto parts company’s stock, valued at approximately $52,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Standard Motor Products by 3.5% during the 3rd quarter. BlackRock Inc. now owns 2,917,882 shares of the auto parts company’s stock worth $143,618,000 after buying an additional 99,786 shares during the period. Royce & Associates LP raised its stake in Standard Motor Products by 1.0% during the 3rd quarter. Royce & Associates LP now owns 2,273,028 shares of the auto parts company’s stock worth $111,878,000 after buying an additional 23,200 shares during the period. Vanguard Group Inc. raised its stake in Standard Motor Products by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,154,030 shares of the auto parts company’s stock worth $56,801,000 after buying an additional 18,702 shares during the period. Vanguard Group Inc raised its stake in Standard Motor Products by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 1,154,030 shares of the auto parts company’s stock worth $56,801,000 after buying an additional 18,702 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Standard Motor Products by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 339,481 shares of the auto parts company’s stock worth $16,709,000 after buying an additional 8,740 shares during the period. 83.00% of the stock is currently owned by institutional investors.

SMP has been the topic of several research analyst reports. Zacks Investment Research raised Standard Motor Products from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, December 31st. ValuEngine raised Standard Motor Products from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th.

Shares of Standard Motor Products stock opened at $49.70 on Monday. The firm has a market cap of $1.11 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 2.43 and a beta of 1.08. Standard Motor Products, Inc. has a 12 month low of $42.50 and a 12 month high of $56.54.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, February 14th. This is an increase from Standard Motor Products’s previous quarterly dividend of $0.21. Standard Motor Products’s dividend payout ratio (DPR) is presently 29.68%.

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Standard Motor Products Profile

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.

See Also: Price to Earnings Ratio (PE) Basics

Want to see what other hedge funds are holding SMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Standard Motor Products, Inc. (NYSE:SMP).

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

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