Standard Motor Products, Inc. (NYSE:SMP) Shares Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC increased its stake in shares of Standard Motor Products, Inc. (NYSE:SMP) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,161 shares of the auto parts company’s stock after purchasing an additional 23,075 shares during the period. Copeland Capital Management LLC owned 1.69% of Standard Motor Products worth $18,311,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in Standard Motor Products in the 3rd quarter worth approximately $41,000. Quantamental Technologies LLC purchased a new stake in Standard Motor Products in the 2nd quarter worth approximately $68,000. Bank of Montreal Can grew its stake in Standard Motor Products by 131.0% in the 2nd quarter. Bank of Montreal Can now owns 2,938 shares of the auto parts company’s stock worth $133,000 after acquiring an additional 1,666 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Standard Motor Products in the 2nd quarter worth approximately $222,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in Standard Motor Products by 29.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,660 shares of the auto parts company’s stock worth $347,000 after acquiring an additional 1,740 shares during the period. Hedge funds and other institutional investors own 78.45% of the company’s stock.

In other news, Director Peter J. Sills sold 6,205 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $53.40, for a total transaction of $331,347.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter J. Sills sold 20,430 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $46.64, for a total transaction of $952,855.20. The disclosure for this sale can be found here. Insiders sold a total of 67,146 shares of company stock valued at $3,319,752 over the last ninety days. 6.60% of the stock is owned by corporate insiders.

SMP has been the subject of several recent analyst reports. Peel Hunt reaffirmed a “hold” rating on shares of Standard Motor Products in a research note on Tuesday, October 22nd. Zacks Investment Research cut shares of Standard Motor Products from a “buy” rating to a “sell” rating and set a $56.00 target price for the company. in a research note on Monday, November 4th.

SMP stock opened at $54.65 on Tuesday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 21.43, a PEG ratio of 1.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 1.69. Standard Motor Products, Inc. has a one year low of $42.03 and a one year high of $55.85. The company has a 50 day moving average price of $49.50 and a two-hundred day moving average price of $46.84.

Standard Motor Products (NYSE:SMP) last released its earnings results on Wednesday, October 30th. The auto parts company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.10. The firm had revenue of $307.70 million during the quarter, compared to analysts’ expectations of $311.11 million. Standard Motor Products had a net margin of 4.35% and a return on equity of 14.40%. Standard Motor Products’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. Research analysts forecast that Standard Motor Products, Inc. will post 3.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.23 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.92 annualized dividend and a yield of 1.68%. Standard Motor Products’s payout ratio is currently 36.08%.

Standard Motor Products Profile

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.

Further Reading: What are Institutional Investors?

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

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