California Public Employees Retirement System lowered its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 9.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 26,100 shares of the auto parts company’s stock after selling 2,600 shares during the period. California Public Employees Retirement System owned 0.14% of Motorcar Parts of America worth $737,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in 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 worth $103,000 after purchasing an additional 1,594 shares during the period. Victory Capital Management Inc. lifted its holdings in Motorcar Parts of America by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,060 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 608 shares during the period. Bank of Montreal Can lifted its holdings in Motorcar Parts of America by 1.4% in the second quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after purchasing an additional 68 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Motorcar Parts of America by 57.5% in the second quarter. BNP Paribas Arbitrage SA now owns 5,478 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 2,001 shares during the period. Finally, Eqis Capital Management Inc. acquired a new stake in Motorcar Parts of America in the second quarter worth about $221,000.

MPAA has been the subject of several research analyst reports. TheStreet raised shares of Motorcar Parts of America from a “c” rating to a “b-” rating in a report on Monday, October 9th. Zacks Investment Research raised shares of Motorcar Parts of America from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Saturday, September 16th. Roth Capital set a $32.00 price objective on shares of Motorcar Parts of America and gave the stock a “buy” rating in a report on Sunday, August 20th. Finally, B. Riley reaffirmed a “buy” rating on shares of Motorcar Parts of America in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.50.

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Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) opened at $25.17 on Friday. Motorcar Parts of America, Inc. has a 1-year low of $24.13 and a 1-year high of $31.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29. The firm has a market cap of $480.17, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.49 and a beta of 0.94.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. The business had revenue of $111.77 million during the quarter, compared to analyst estimates of $112.83 million. During the same period in the previous year, the company posted $0.64 earnings per share. Motorcar Parts of America’s revenue was up 2.7% compared to the same quarter last year. equities research analysts anticipate that Motorcar Parts of America, Inc. will post 2.23 earnings per share for the current fiscal 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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Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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