Boston Partners Acquires New Position in Motorcar Parts of America, Inc. $MPAA

Boston Partners bought a new position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 25,376 shares of the auto parts company’s stock, valued at approximately $284,000. Boston Partners owned about 0.13% of Motorcar Parts of America at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. bought a new position in shares of Motorcar Parts of America during the 1st quarter worth about $95,000. Corton Capital Inc. acquired a new position in shares of Motorcar Parts of America in the 1st quarter valued at $119,000. Jump Financial LLC bought a new stake in shares of Motorcar Parts of America in the 1st quarter valued at about $149,000. XTX Topco Ltd bought a new stake in Motorcar Parts of America in the 1st quarter valued at $183,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Motorcar Parts of America during the first quarter worth $234,000. Institutional investors own 83.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MPAA. Weiss Ratings cut Motorcar Parts of America from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Zacks Research cut shares of Motorcar Parts of America from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th. Finally, Wall Street Zen lowered shares of Motorcar Parts of America from a “strong-buy” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $14.00.

Motorcar Parts of America Trading Up 0.6%

Shares of MPAA stock opened at $13.09 on Monday. Motorcar Parts of America, Inc. has a 52-week low of $5.38 and a 52-week high of $18.12. The company has a market capitalization of $256.01 million, a price-to-earnings ratio of 187.03 and a beta of 1.42. The company has a 50-day simple moving average of $15.92 and a two-hundred day simple moving average of $13.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 1.44.

Motorcar Parts of America Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.