Wall Street Zen lowered shares of Motorcar Parts of America (NASDAQ:MPAA – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Saturday.
Other research analysts have also issued research reports about the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Motorcar Parts of America in a research report on Tuesday, June 9th. Weiss Ratings lowered Motorcar Parts of America from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.00.
View Our Latest Analysis on MPAA
Motorcar Parts of America Trading Up 0.6%
Motorcar Parts of America (NASDAQ:MPAA – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The auto parts company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.91). The firm had revenue of $168.02 million during the quarter, compared to analysts’ expectations of $183.00 million. Motorcar Parts of America had a negative net margin of 0.53% and a negative return on equity of 0.57%. On average, research analysts anticipate that Motorcar Parts of America will post 1.4 EPS for the current year.
Insider Transactions at Motorcar Parts of America
In related news, SVP Jamie Leigh Cook sold 14,074 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $15.03, for a total value of $211,532.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.40% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. purchased a new position in shares of Motorcar Parts of America during the second quarter valued at approximately $18,965,000. Dimensional Fund Advisors LP boosted its holdings in Motorcar Parts of America by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,133,796 shares of the auto parts company’s stock worth $12,540,000 after acquiring an additional 57,191 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Motorcar Parts of America in the second quarter worth $16,152,000. Pacific Ridge Capital Partners LLC grew its stake in shares of Motorcar Parts of America by 3.5% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 692,502 shares of the auto parts company’s stock worth $8,545,000 after acquiring an additional 23,221 shares during the last quarter. Finally, Azarias Capital Management L.P. increased its holdings in shares of Motorcar Parts of America by 146.2% during the first quarter. Azarias Capital Management L.P. now owns 532,869 shares of the auto parts company’s stock valued at $5,894,000 after acquiring an additional 316,461 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.
About Motorcar Parts of America
Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.
In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.
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