Donald Smith & CO. Inc. Grows Stock Holdings in Motorcar Parts of America, Inc. $MPAA

Donald Smith & CO. Inc. increased its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 960,289 shares of the auto parts company’s stock after buying an additional 169,979 shares during the period. Donald Smith & CO. Inc. owned about 4.91% of Motorcar Parts of America worth $11,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MPAA. BNP Paribas Financial Markets raised its position in Motorcar Parts of America by 2,191.3% during the second quarter. BNP Paribas Financial Markets now owns 2,887 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 2,761 shares during the last quarter. Quarry LP raised its position in Motorcar Parts of America by 1,117.9% during the third quarter. Quarry LP now owns 4,214 shares of the auto parts company’s stock worth $70,000 after acquiring an additional 3,868 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Motorcar Parts of America during the fourth quarter worth about $63,000. State of Wyoming raised its position in Motorcar Parts of America by 422.2% during the third quarter. State of Wyoming now owns 6,820 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 5,514 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Motorcar Parts of America by 7,127.3% during the second quarter. JPMorgan Chase & Co. now owns 8,745 shares of the auto parts company’s stock worth $98,000 after acquiring an additional 8,624 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Analysts Set New Price Targets

MPAA has been the subject of a number of research reports. Wall Street Zen cut shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings raised shares of Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Oppenheimer assumed coverage on shares of Motorcar Parts of America in a research report on Friday, March 6th. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Motorcar Parts of America in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Motorcar Parts of America Trading Up 9.3%

Shares of MPAA opened at $14.43 on Thursday. The stock’s 50-day moving average is $11.30 and its two-hundred day moving average is $11.72. The stock has a market cap of $273.02 million, a PE ratio of 26.24 and a beta of 1.21. Motorcar Parts of America, Inc. has a 12 month low of $9.29 and a 12 month high of $18.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.41.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Monday, June 8th. The auto parts company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $212.28 million for the quarter, compared to analysts’ expectations of $175.96 million. Motorcar Parts of America had a return on equity of 5.53% and a net margin of 1.57%.During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Equities analysts forecast that Motorcar Parts of America, Inc. will post 0.79 earnings per share for the current fiscal year.

About Motorcar Parts of America

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.