TIAA CREF Investment Management LLC Sells 3,079 Shares of Motorcar Parts of America, Inc. (MPAA)

TIAA CREF Investment Management LLC reduced its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 6.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 48,539 shares of the auto parts company’s stock after selling 3,079 shares during the period. TIAA CREF Investment Management LLC’s holdings in Motorcar Parts of America were worth $1,492,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. purchased a new position in shares of Motorcar Parts of America during the first quarter worth about $106,000. BNP Paribas Arbitrage SA boosted its position in shares of Motorcar Parts of America by 13.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,477 shares of the auto parts company’s stock worth $107,000 after buying an additional 412 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Motorcar Parts of America by 46.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,547 shares of the auto parts company’s stock worth $109,000 after buying an additional 1,124 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Motorcar Parts of America by 7.2% in the first quarter. Mason Street Advisors LLC now owns 4,371 shares of the auto parts company’s stock worth $134,000 after buying an additional 292 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Motorcar Parts of America by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the auto parts company’s stock worth $234,000 after buying an additional 100 shares during the last quarter.

Shares of Motorcar Parts of America, Inc. (NASDAQ MPAA) traded down 0.96% during midday trading on Friday, hitting $26.92. The stock had a trading volume of 78,229 shares. The stock has a market cap of $501.65 million, a price-to-earnings ratio of 13.95 and a beta of 0.94. The firm’s 50-day moving average price is $27.63 and its 200-day moving average price is $28.46. Motorcar Parts of America, Inc. has a 1-year low of $21.75 and a 1-year high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The company had revenue of $95.06 million during the quarter, compared to analyst estimates of $93.60 million. During the same quarter in the previous year, the company posted $0.52 EPS. Motorcar Parts of America’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts forecast that Motorcar Parts of America, Inc. will post $2.38 earnings per share for the current year.

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A number of equities analysts have issued reports on MPAA shares. B. Riley reaffirmed a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a report on Saturday, June 17th. Roth Capital set a $31.00 price target on Motorcar Parts of America and gave the company a “buy” rating in a research note on Tuesday, June 13th. ValuEngine cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, FBR & Co reissued an “outperform” rating and issued a $39.00 price target on shares of Motorcar Parts of America in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $35.75.

In other news, Director Rudolph J. Borneo sold 3,000 shares of the business’s 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 completion of the sale, the director now owns 3,000 shares of the company’s stock, valued at approximately $82,470. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Douglas Earl Schooner sold 1,192 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $28.57, for a total value of $34,055.44. Following the completion of the sale, the vice president now directly owns 4,235 shares of the company’s stock, valued at approximately $120,993.95. The disclosure for this sale can be found here. In the last three months, insiders sold 9,531 shares of company stock valued at $267,616. 4.40% of the stock is currently owned by corporate insiders.

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.

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

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