Donald Smith & CO. Inc. Increases Stock Position in Motorcar Parts of America, Inc. $MPAA

Donald Smith & CO. Inc. increased its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 21.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 960,289 shares of the auto parts company’s stock after buying an additional 169,979 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Motorcar Parts of America were worth $11,850,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MPAA. JPMorgan Chase & Co. boosted its stake in shares of Motorcar Parts of America by 434.8% in the fourth quarter. JPMorgan Chase & Co. now owns 444,341 shares of the auto parts company’s stock valued at $5,483,000 after purchasing an additional 361,259 shares during the period. Marshall Wace LLP boosted its stake in Motorcar Parts of America by 96.6% during the 2nd quarter. Marshall Wace LLP now owns 505,955 shares of the auto parts company’s stock valued at $5,667,000 after acquiring an additional 248,637 shares during the last quarter. Geode Capital Management LLC boosted its stake in Motorcar Parts of America by 100.6% during the 2nd quarter. Geode Capital Management LLC now owns 449,077 shares of the auto parts company’s stock valued at $5,031,000 after acquiring an additional 225,225 shares during the last quarter. Invesco Ltd. boosted its stake in Motorcar Parts of America by 391.2% during the 3rd quarter. Invesco Ltd. now owns 193,939 shares of the auto parts company’s stock valued at $3,208,000 after acquiring an additional 154,460 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Motorcar Parts of America during the third quarter worth $2,326,000. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $14.43 on Thursday. The firm’s 50 day moving average is $11.30 and its 200-day moving average is $11.72. The stock has a market capitalization of $273.02 million, a P/E ratio of 26.24 and a beta of 1.21. 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, Inc. has a 12-month low of $9.29 and a 12-month high of $18.12.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Monday, June 8th. The auto parts company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. Motorcar Parts of America had a net margin of 1.57% and a return on equity of 5.53%. The business had revenue of $212.28 million during the quarter, compared to the consensus estimate of $175.96 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. Equities research analysts anticipate that Motorcar Parts of America, Inc. will post 0.79 EPS for the current fiscal year.

Motorcar Parts of America Company Profile

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.