First Midwest Bank Trust Division raised its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 74.6% during the second quarter, HoldingsChannel.com reports. The firm owned 211,574 shares of the auto parts company’s stock after acquiring an additional 90,417 shares during the quarter. First Midwest Bank Trust Division’s holdings in Motorcar Parts of America were worth $4,530,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in Motorcar Parts of America by 410.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,927 shares of the auto parts company’s stock valued at $74,000 after purchasing an additional 3,158 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in Motorcar Parts of America during the 4th quarter valued at about $90,000. Metropolitan Life Insurance Co. NY lifted its position in Motorcar Parts of America by 402.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,315 shares of the auto parts company’s stock valued at $105,000 after purchasing an additional 5,057 shares during the period. SG Americas Securities LLC acquired a new position in Motorcar Parts of America during the 1st quarter valued at about $137,000. Finally, First Hawaiian Bank lifted its position in Motorcar Parts of America by 69.2% during the 1st quarter. First Hawaiian Bank now owns 7,370 shares of the auto parts company’s stock valued at $139,000 after purchasing an additional 3,015 shares during the period.

NASDAQ MPAA traded up $0.02 during trading hours on Tuesday, reaching $18.28. 830 shares of the company’s stock were exchanged, compared to its average volume of 110,886. The business’s 50-day moving average price is $18.44. Motorcar Parts of America, Inc. has a one year low of $12.09 and a one year high of $27.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.26 and a quick ratio of 0.40. The firm has a market capitalization of $343.84 million, a P/E ratio of 12.10 and a beta of 1.64.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Friday, June 28th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Motorcar Parts of America had a positive return on equity of 10.38% and a negative net margin of 1.56%. The business had revenue of $132.66 million during the quarter, compared to analysts’ expectations of $131.53 million. During the same period in the prior year, the business earned $0.54 EPS. Motorcar Parts of America’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts predict that Motorcar Parts of America, Inc. will post 1.71 EPS for the current year.

A number of analysts have recently commented on MPAA shares. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Finally, ValuEngine cut Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Motorcar Parts of America Company Profile

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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Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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