Lazard Asset Management LLC Has $486,000 Holdings in Motorcar Parts of America, Inc. $MPAA

Lazard Asset Management LLC cut its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 63.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,912 shares of the auto parts company’s stock after selling 76,150 shares during the period. Lazard Asset Management LLC’s holdings in Motorcar Parts of America were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in shares of Motorcar Parts of America by 5.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,133,796 shares of the auto parts company’s stock valued at $12,540,000 after purchasing an additional 57,191 shares during the last quarter. Donald Smith & CO. Inc. raised its position in Motorcar Parts of America by 21.5% in the 4th quarter. Donald Smith & CO. Inc. now owns 960,289 shares of the auto parts company’s stock worth $11,850,000 after purchasing an additional 169,979 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in Motorcar Parts of America by 3.5% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 692,502 shares of the auto parts company’s stock worth $8,545,000 after purchasing an additional 23,221 shares during the last quarter. Azarias Capital Management L.P. lifted its holdings in Motorcar Parts of America by 146.2% during the 1st quarter. Azarias Capital Management L.P. now owns 532,869 shares of the auto parts company’s stock worth $5,894,000 after buying an additional 316,461 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Motorcar Parts of America by 96.6% during the 2nd quarter. Marshall Wace LLP now owns 505,955 shares of the auto parts company’s stock worth $5,667,000 after buying an additional 248,637 shares in the last quarter. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MPAA. Weiss Ratings upgraded Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Wall Street Zen raised Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Motorcar Parts of America in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Insider Buying and Selling

In related news, SVP Jamie Leigh Cook sold 14,074 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $15.03, for a total value of $211,532.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.40% of the company’s stock.

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $13.60 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.47 and a current ratio of 1.46. Motorcar Parts of America, Inc. has a twelve month low of $9.29 and a twelve month high of $18.12. The firm’s 50 day moving average price is $13.93 and its two-hundred day moving average price is $12.15. The firm has a market cap of $257.49 million, a P/E ratio of 24.73 and a beta of 1.16.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Monday, June 8th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. Motorcar Parts of America had a net margin of 1.57% and a return on equity of 5.53%. The company had revenue of $212.28 million during the quarter, compared to the consensus estimate of $175.96 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. On average, analysts forecast that Motorcar Parts of America, Inc. will post 1.28 EPS for the current fiscal year.

About Motorcar Parts of America

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.