Parthenon LLC Grows Stake in Motorcar Parts of America, Inc. (MPAA)

Share on StockTwits

Parthenon LLC raised its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 69.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,891 shares of the auto parts company’s stock after acquiring an additional 42,200 shares during the quarter. Parthenon LLC owned 0.55% of Motorcar Parts of America worth $1,712,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MPAA. Arizona State Retirement System lifted its stake in Motorcar Parts of America by 6.2% in the fourth quarter. Arizona State Retirement System now owns 29,130 shares of the auto parts company’s stock valued at $485,000 after buying an additional 1,690 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Motorcar Parts of America by 1.3% during the third quarter. Wells Fargo & Company MN now owns 210,304 shares of the auto parts company’s stock valued at $4,932,000 after purchasing an additional 2,634 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Motorcar Parts of America by 3.7% during the third quarter. Victory Capital Management Inc. now owns 75,100 shares of the auto parts company’s stock valued at $1,761,000 after purchasing an additional 2,700 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Motorcar Parts of America by 7.3% during the third quarter. Legal & General Group Plc now owns 39,992 shares of the auto parts company’s stock valued at $941,000 after purchasing an additional 2,715 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Motorcar Parts of America by 3.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 99,059 shares of the auto parts company’s stock valued at $1,854,000 after purchasing an additional 3,207 shares in the last quarter.

A number of equities research analysts recently weighed in on the stock. BidaskClub cut shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. ValuEngine upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research report on Sunday, October 28th. Zacks Investment Research cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Finally, Craig Hallum began coverage on shares of Motorcar Parts of America in a research report on Tuesday, January 8th. They issued a “buy” rating and a $28.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.00.

In other Motorcar Parts of America news, Director Barbara L. Whittaker bought 2,000 shares of the stock in a transaction on Monday, January 14th. The shares were bought at an average price of $19.77 per share, with a total value of $39,540.00. Following the purchase, the director now directly owns 3,719 shares in the company, valued at approximately $73,524.63. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.70% of the company’s stock.

Shares of MPAA opened at $20.43 on Thursday. The stock has a market capitalization of $376.39 million, a P/E ratio of 12.02 and a beta of 1.56. Motorcar Parts of America, Inc. has a 1-year low of $12.09 and a 1-year high of $27.19. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 1.43.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Monday, February 11th. The auto parts company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). Motorcar Parts of America had a return on equity of 10.81% and a net margin of 0.20%. The company had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $115.98 million. During the same period in the prior year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, equities analysts forecast that Motorcar Parts of America, Inc. will post 1.63 EPS for the current year.

WARNING: This article was first posted by Highlight Press and is owned by of Highlight Press. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://highlightpress.com/2019/02/14/motorcar-parts-of-america-inc-mpaa-stake-increased-by-parthenon-llc.html.

About Motorcar Parts of America

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.

Featured Article: What is the yield curve?

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

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

Leave a Reply