Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $26.50.

Several brokerages have commented on MPAA. Zacks Investment Research downgraded Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. ValuEngine raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. BidaskClub downgraded Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 21st. Finally, Craig Hallum initiated coverage on Motorcar Parts of America in a research note on Tuesday, January 8th. They issued a “buy” rating and a $28.00 price objective for the company.

In other Motorcar Parts of America news, Director Barbara L. Whittaker purchased 2,000 shares of the business’s stock in a transaction on Monday, January 14th. The shares were purchased at an average cost of $19.77 per share, for a total transaction of $39,540.00. Following the acquisition, the director now owns 3,719 shares of the company’s stock, valued at $73,524.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rudolph J. Borneo sold 1,674 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $21.54, for a total value of $36,057.96. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Cutler Group LP lifted its holdings in shares of Motorcar Parts of America by 183.8% in the 4th quarter. Cutler Group LP now owns 1,844 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 4,044 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Motorcar Parts of America in the 4th quarter worth $72,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Motorcar Parts of America in the 4th quarter worth $90,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Motorcar Parts of America by 402.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,315 shares of the auto parts company’s stock worth $105,000 after purchasing an additional 5,057 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Motorcar Parts of America in the 4th quarter worth $120,000.

MPAA traded up $0.06 on Friday, hitting $20.61. 6 shares of the stock were exchanged, compared to its average volume of 105,767. Motorcar Parts of America has a 12 month low of $12.09 and a 12 month high of $27.19. The company has a quick ratio of 0.45, a current ratio of 1.32 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $378.44 million, a price-to-earnings ratio of 12.15 and a beta of 1.46.

Motorcar Parts of America (NASDAQ:MPAA) last issued its earnings results on Monday, February 11th. The auto parts company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.03). The business had revenue of $124.10 million for the quarter, compared to analyst estimates of $115.98 million. Motorcar Parts of America had a return on equity of 10.42% and a net margin of 0.99%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Sell-side analysts anticipate that Motorcar Parts of America will post 1.46 EPS for the current fiscal year.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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