NJ State Employees Deferred Compensation Plan maintained its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the second quarter, Holdings Channel reports. The institutional investor owned 8,000 shares of the auto parts company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Motorcar Parts of America were worth $226,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in Motorcar Parts of America by 9.2% in the first quarter. Ameriprise Financial Inc. now owns 1,416,761 shares of the auto parts company’s stock worth $43,538,000 after buying an additional 119,322 shares during the last quarter. River Road Asset Management LLC raised its stake in shares of Motorcar Parts of America by 20.1% in the first quarter. River Road Asset Management LLC now owns 1,038,723 shares of the auto parts company’s stock worth $31,920,000 after buying an additional 173,680 shares during the period. Vanguard Group Inc. raised its stake in shares of Motorcar Parts of America by 24.2% in the first 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 period. FMR LLC raised its stake in shares of Motorcar Parts of America by 0.6% in the first quarter. FMR LLC now owns 981,349 shares of the auto parts company’s stock worth $30,157,000 after buying an additional 5,400 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Motorcar Parts of America by 13.0% in the first quarter. Dimensional Fund Advisors LP now owns 953,287 shares of the auto parts company’s stock worth $29,294,000 after buying an additional 109,430 shares during the period.

Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) opened at 27.18 on Friday. The stock has a market capitalization of $506.93 million, a price-to-earnings ratio of 14.08 and a beta of 0.94. The firm’s 50-day moving average is $27.67 and its 200-day moving average is $28.46. Motorcar Parts of America, Inc. has a 52 week low of $21.75 and a 52 week high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $95.06 million for the quarter, compared to analyst estimates of $93.60 million. Motorcar Parts of America had a return on equity of 17.05% and a net margin of 8.75%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, equities research analysts anticipate that Motorcar Parts of America, Inc. will post $2.40 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Motorcar Parts of America, Inc. (MPAA) Stake Held by NJ State Employees Deferred Compensation Plan” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.watchlistnews.com/motorcar-parts-of-america-inc-mpaa-stake-held-by-nj-state-employees-deferred-compensation-plan/1472472.html.

A number of analysts have issued reports on the stock. BidaskClub lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. B. Riley reiterated a “buy” rating and set a $39.00 price target on shares of Motorcar Parts of America in a research note on Monday, June 12th. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Roth Capital set a $31.00 price target on shares of Motorcar Parts of America and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Finally, FBR & Co reiterated an “outperform” rating and set a $39.00 price target on shares of Motorcar Parts of America in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Motorcar Parts of America currently has a consensus rating of “Hold” and a consensus target price of $35.75.

In other news, Director Rudolph J. Borneo sold 3,000 shares of Motorcar Parts of America stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $27.49, for a total value of $82,470.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $82,470. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Douglas Earl Schooner sold 4,834 shares of Motorcar Parts of America stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $28.27, for a total value of $136,657.18. Following the completion of the transaction, the vice president now directly owns 10,261 shares in the company, valued at $290,078.47. The disclosure for this sale can be found here. Insiders sold a total of 9,531 shares of company stock worth $267,616 over the last ninety days. Corporate insiders own 4.40% of the company’s stock.

Motorcar Parts of America Company 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.

Want to see what other hedge funds are holding MPAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorcar Parts of America, Inc. (NASDAQ:MPAA).

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

Receive News & Ratings for Motorcar Parts of America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.