Motorcar Parts of America (NASDAQ:MPAA) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Motorcar Parts of America (NASDAQ:MPAA) from a strong-buy rating to a hold rating in a research report sent to investors on Saturday morning.

Other research analysts have also recently issued research reports about the company. Cantor Fitzgerald restated an “overweight” rating on shares of Motorcar Parts of America in a research note on Tuesday, June 9th. Weiss Ratings cut Motorcar Parts of America from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.00.

Motorcar Parts of America Price Performance

MPAA stock opened at $11.95 on Friday. Motorcar Parts of America has a 1 year low of $9.29 and a 1 year high of $18.12. The company has a market cap of $226.21 million, a P/E ratio of -38.55 and a beta of 1.16. The firm has a 50-day moving average of $14.11 and a 200 day moving average of $12.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.44 and a quick ratio of 0.39.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Monday, August 10th. The auto parts company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.91). Motorcar Parts of America had a negative net margin of 0.53% and a negative return on equity of 0.57%. The firm had revenue of $168.02 million for the quarter, compared to the consensus estimate of $183.00 million. On average, sell-side analysts forecast that Motorcar Parts of America will post 1.4 EPS for the current year.

Insider Buying and Selling

In related news, SVP Jamie Leigh Cook sold 14,074 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $15.03, for a total transaction of $211,532.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Motorcar Parts of America

A number of institutional investors and hedge funds have recently made changes to their positions in MPAA. 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 grew its stake in shares of Motorcar Parts of America by 5.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,133,796 shares of the auto parts company’s stock worth $12,540,000 after buying an additional 57,191 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Motorcar Parts of America in the 2nd quarter worth approximately $16,152,000. Pacific Ridge Capital Partners LLC grew its stake in shares of Motorcar Parts of America by 3.5% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 692,502 shares of the auto parts company’s stock worth $8,545,000 after buying an additional 23,221 shares during the last quarter. Finally, Azarias Capital Management L.P. increased its position in Motorcar Parts of America by 146.2% during the 1st quarter. Azarias Capital Management L.P. now owns 532,869 shares of the auto parts company’s stock valued at $5,894,000 after buying an additional 316,461 shares in the last quarter. Institutional investors own 83.48% of the company’s stock.

Motorcar Parts of America Company Profile

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.