140,629 Shares in Motorcar Parts of America, Inc. $MPAA Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 140,629 shares of the auto parts company’s stock, valued at approximately $2,326,000. Segall Bryant & Hamill LLC owned 0.73% of Motorcar Parts of America at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MPAA. American Century Companies Inc. grew its holdings in Motorcar Parts of America by 53.6% in the second quarter. American Century Companies Inc. now owns 399,618 shares of the auto parts company’s stock valued at $4,476,000 after purchasing an additional 139,513 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Motorcar Parts of America during the second quarter worth approximately $265,000. Boston Partners acquired a new position in shares of Motorcar Parts of America in the 2nd quarter valued at $284,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Motorcar Parts of America during the 2nd quarter valued at $276,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Motorcar Parts of America during the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 83.48% of the company’s stock.

Motorcar Parts of America Trading Down 0.1%

Shares of MPAA opened at $10.35 on Friday. Motorcar Parts of America, Inc. has a 12 month low of $8.17 and a 12 month high of $18.12. The stock’s 50-day moving average is $11.92 and its two-hundred day moving average is $13.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.43 and a quick ratio of 0.41. The stock has a market cap of $198.82 million, a PE ratio of 115.00 and a beta of 1.36.

Motorcar Parts of America announced that its board has initiated a share repurchase plan on Monday, December 8th that permits the company to buyback $57.00 million in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 22.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research upgraded Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen downgraded Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Loop Capital set a $20.00 price objective on Motorcar Parts of America in a research note on Friday, December 12th. Finally, Weiss Ratings raised shares of Motorcar Parts of America from a “sell (d)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.00.

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.