Municipal Employees Retirement System of Michigan boosted its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,740 shares of the auto parts company’s stock after buying an additional 140 shares during the period. Municipal Employees Retirement System of Michigan owned 0.10% of Motorcar Parts of America worth $530,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Credit Agricole S A acquired a new position in shares of Motorcar Parts of America during the first quarter valued at about $317,000. Victory Capital Management Inc. acquired a new position in shares of Motorcar Parts of America during the first quarter valued at about $106,000. BNP Paribas Arbitrage SA raised its position in shares of Motorcar Parts of America by 13.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,477 shares of the auto parts company’s stock valued at $107,000 after buying an additional 412 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Motorcar Parts of America by 46.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,547 shares of the auto parts company’s stock valued at $109,000 after buying an additional 1,124 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Motorcar Parts of America by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock valued at $103,000 after buying an additional 1,594 shares during the last quarter.

Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) opened at 24.74 on Monday. Motorcar Parts of America, Inc. has a 52-week low of $21.75 and a 52-week high of $31.57. The firm has a 50 day moving average price of $27.24 and a 200-day moving average price of $28.42. The company has a market cap of $461.03 million, a price-to-earnings ratio of 12.82 and a beta of 0.94.

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

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Several equities analysts have recently issued reports on MPAA shares. Roth Capital set a $31.00 price target on Motorcar Parts of America and gave the company a “buy” rating in a research note on Tuesday, June 13th. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. FBR & Co restated an “outperform” rating and set a $39.00 price objective on shares of Motorcar Parts of America in a research report on Tuesday, July 18th. Finally, Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.25.

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

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.

Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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