Motorcar Parts of America, Inc. (NASDAQ:MPAA) has received an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $36.33.

A number of brokerages have recently issued reports on MPAA. BidaskClub downgraded Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. B. Riley reaffirmed a “buy” rating and set a $39.00 price target on shares of Motorcar Parts of America in a report on Monday, June 12th. Zacks Investment Research downgraded Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. FBR & Co reaffirmed an “outperform” rating and set a $39.00 price target on shares of Motorcar Parts of America in a report on Tuesday, July 18th. Finally, ValuEngine downgraded Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

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In other news, Director Rudolph J. Borneo sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $27.49, for a total transaction of $82,470.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $82,470. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Douglas Earl Schooner sold 1,192 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $28.57, for a total value of $34,055.44. Following the transaction, the vice president now directly owns 4,235 shares in the company, valued at $120,993.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,531 shares of company stock worth $267,616. Corporate insiders own 4.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Motorcar Parts of America by 24.2% in the first quarter. Vanguard Group Inc. now owns 993,275 shares of the auto parts company’s stock worth $30,523,000 after buying an additional 193,579 shares during the period. Northpointe Capital LLC boosted its stake in Motorcar Parts of America by 268.7% in the second quarter. Northpointe Capital LLC now owns 254,344 shares of the auto parts company’s stock worth $7,183,000 after buying an additional 185,363 shares during the period. River Road Asset Management LLC boosted its stake in Motorcar Parts of America by 20.1% in the first quarter. River Road Asset Management LLC now owns 1,038,723 shares of the auto parts company’s stock worth $31,920,000 after buying an additional 173,680 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Motorcar Parts of America during the first quarter worth approximately $4,291,000. Finally, Dimensional Fund Advisors LP boosted its stake in Motorcar Parts of America by 13.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,076,980 shares of the auto parts company’s stock worth $30,414,000 after buying an additional 123,693 shares during the period.

Motorcar Parts of America (NASDAQ MPAA) opened at 26.92 on Friday. The firm has a market cap of $501.65 million, a P/E ratio of 13.95 and a beta of 0.94. The stock has a 50 day moving average price of $27.63 and a 200 day moving average price of $28.46. Motorcar Parts of America has a 1-year low of $21.75 and a 1-year high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The business had revenue of $95.06 million for the quarter, compared to the consensus estimate of $93.60 million. During the same period in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Motorcar Parts of America will post $2.38 EPS for the current year.

About Motorcar Parts of America

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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