Ameriprise Financial Inc. lessened its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,124,106 shares of the auto parts company’s stock after selling 43,634 shares during the quarter. Ameriprise Financial Inc. owned about 6.03% of Motorcar Parts of America worth $33,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada lifted its position in Motorcar Parts of America by 533.9% in the 2nd quarter. Royal Bank of Canada now owns 835,139 shares of the auto parts company’s stock worth $23,584,000 after buying an additional 703,390 shares during the last quarter. Ashford Capital Management Inc. bought a new stake in Motorcar Parts of America in the 2nd quarter worth approximately $11,330,000. Vanguard Group Inc. lifted its position in Motorcar Parts of America by 24.2% in the 1st quarter. Vanguard Group Inc. now owns 993,275 shares of the auto parts company’s stock worth $30,523,000 after buying an additional 193,579 shares during the last quarter. Northpointe Capital LLC lifted its position in Motorcar Parts of America by 268.7% in the 2nd quarter. Northpointe Capital LLC now owns 254,344 shares of the auto parts company’s stock worth $7,183,000 after buying an additional 185,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Motorcar Parts of America by 13.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,076,980 shares of the auto parts company’s stock worth $30,414,000 after buying an additional 123,693 shares during the last quarter.

Shares of Motorcar Parts of America, Inc. (MPAA) opened at $25.38 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29. The firm has a market capitalization of $484.00, a P/E ratio of 12.88, a P/E/G ratio of 0.49 and a beta of 0.94. Motorcar Parts of America, Inc. has a 12-month low of $24.13 and a 12-month high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). The company had revenue of $111.77 million during the quarter, compared to analysts’ expectations of $112.83 million. Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. Motorcar Parts of America’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. analysts expect that Motorcar Parts of America, Inc. will post 2.23 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Motorcar Parts of America from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Saturday, September 16th. TheStreet downgraded Motorcar Parts of America from a “b-” rating to a “c” rating in a research report on Monday, August 28th. Roth Capital set a $32.00 target price on Motorcar Parts of America and gave the stock a “buy” rating in a research report on Sunday, August 20th. B. Riley restated a “buy” rating on shares of Motorcar Parts of America in a research report on Wednesday, November 1st. Finally, BidaskClub downgraded Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Motorcar Parts of America presently has a consensus rating of “Hold” and a consensus price target of $35.50.

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Motorcar Parts of America 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.

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

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