Louisiana State Employees Retirement System held its stake in Standard Motor Products, Inc. (NYSE:SMP) during the second quarter, Holdings Channel reports. 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 filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Standard Motor Products by 10.1% in the first quarter. Bank of New York Mellon Corp now owns 339,549 shares of the auto parts company’s stock valued at $16,686,000 after buying an additional 31,259 shares during the period. Capital Fund Management S.A. bought a new position in shares of Standard Motor Products during the first quarter valued at about $1,007,000. First Trust Advisors LP increased its position in shares of Standard Motor Products by 5.9% in the first quarter. First Trust Advisors LP now owns 25,611 shares of the auto parts company’s stock valued at $1,259,000 after buying an additional 1,424 shares during the period. LSV Asset Management increased its position in shares of Standard Motor Products by 15.1% in the first quarter. LSV Asset Management now owns 28,274 shares of the auto parts company’s stock valued at $1,389,000 after buying an additional 3,700 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Standard Motor Products by 3.2% in the first quarter. Great West Life Assurance Co. Can now owns 27,169 shares of the auto parts company’s stock valued at $1,333,000 after buying an additional 848 shares during the period. 77.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of Standard Motor Products, Inc. (SMP) traded up 1.41% on Monday, reaching $45.96. 19,928 shares of the company traded hands. The firm’s 50 day moving average is $50.47 and its 200 day moving average is $49.60. The company has a market capitalization of $1.05 billion, a P/E ratio of 17.13 and a beta of 1.81. 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 posted its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.18. The company had revenue of $312.73 million during the quarter. Standard Motor Products had a return on equity of 14.83% and a net margin of 5.55%. Standard Motor Products’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. Analysts expect that Standard Motor Products, Inc. will post $2.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, August 11th. Standard Motor Products’s dividend payout ratio is currently 28.36%.

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SMP has been the topic of several research reports. Zacks Investment Research upgraded shares of Standard Motor Products from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, April 18th. Jefferies Group LLC reiterated a “buy” rating on shares of Standard Motor Products in a research report on Friday, July 7th. Finally, BidaskClub upgraded shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th.

In related news, Chairman Lawrence I. Sills sold 2,200 shares of Standard Motor Products stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $50.65, for a total value of $111,430.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas Tesoro sold 3,950 shares of Standard Motor Products stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $47.91, for a total value of $189,244.50. Following the completion of the transaction, the vice president now directly owns 29,026 shares in the company, valued at $1,390,635.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,750 shares of company stock worth $1,645,693. 6.60% of the stock is owned by insiders.

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.

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

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