National Investment Services Inc. WI increased its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 70.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,137 shares of the auto parts company’s stock after buying an additional 6,685 shares during the quarter. National Investment Services Inc. WI’s holdings in Motorcar Parts of America were worth $403,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP purchased a new position in Motorcar Parts of America during the third quarter worth approximately $434,000. Dynamic Technology Lab Private Ltd acquired a new stake in Motorcar Parts of America during the second quarter worth $292,000. Kornitzer Capital Management Inc. KS increased its stake in Motorcar Parts of America by 5.0% during the third quarter. Kornitzer Capital Management Inc. KS now owns 273,196 shares of the auto parts company’s stock worth $8,048,000 after acquiring an additional 13,115 shares during the last quarter. Vanguard Group Inc. increased its stake in Motorcar Parts of America by 1.2% during the second quarter. Vanguard Group Inc. now owns 1,005,058 shares of the auto parts company’s stock worth $28,383,000 after acquiring an additional 11,783 shares during the last quarter. Finally, Mork Capital Management LLC acquired a new stake in Motorcar Parts of America during the third quarter worth $884,000.

Shares of Motorcar Parts of America, Inc. (MPAA) opened at $27.93 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89. The stock has a market capitalization of $531.85, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 0.58 and a beta of 0.93. Motorcar Parts of America, Inc. has a one year low of $23.92 and a one year high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.06). Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. The business had revenue of $111.77 million for the quarter, compared to analyst estimates of $112.83 million. During the same period last year, the business earned $0.64 EPS. Motorcar Parts of America’s revenue was up 2.7% compared to the same quarter last year. equities analysts expect that Motorcar Parts of America, Inc. will post 2.09 EPS for the current year.

Several research firms have issued reports on MPAA. B. Riley reissued a “buy” rating on shares of Motorcar Parts of America in a research note on Wednesday, November 1st. Zacks Investment Research cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. TheStreet raised Motorcar Parts of America from a “c” rating to a “b-” rating in a research note on Monday, October 9th. BidaskClub raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Finally, ValuEngine cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.50.

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Motorcar Parts of America Company Profile

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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