JPMorgan Chase & Co. Has $1.37 Million Stock Holdings in Motorcar Parts of America, Inc. $MPAA

JPMorgan Chase & Co. boosted its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 850.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,082 shares of the auto parts company’s stock after purchasing an additional 74,337 shares during the quarter. JPMorgan Chase & Co.’s holdings in Motorcar Parts of America were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC bought a new stake in Motorcar Parts of America in the third quarter valued at about $2,326,000. Scalar Gauge Management LLC bought a new stake in Motorcar Parts of America in the third quarter valued at about $877,000. SummerHaven Investment Management LLC bought a new stake in Motorcar Parts of America in the third quarter valued at about $1,174,000. Integrated Quantitative Investments LLC bought a new stake in Motorcar Parts of America in the third quarter valued at about $362,000. Finally, State of Wyoming increased its holdings in Motorcar Parts of America by 422.2% in the third quarter. State of Wyoming now owns 6,820 shares of the auto parts company’s stock valued at $113,000 after purchasing an additional 5,514 shares during the last quarter. Institutional investors own 83.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MPAA. Oppenheimer began coverage on Motorcar Parts of America in a report on Friday, March 6th. They issued an “outperform” rating and a $18.00 price objective for the company. Loop Capital set a $20.00 price objective on Motorcar Parts of America in a report on Friday, December 12th. Wall Street Zen downgraded Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research upgraded Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings upgraded Motorcar Parts of America from a “sell (d)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.00.

Motorcar Parts of America Stock Up 4.8%

Shares of Motorcar Parts of America stock opened at $11.14 on Thursday. Motorcar Parts of America, Inc. has a 1 year low of $8.17 and a 1 year high of $18.12. The business has a 50-day moving average of $10.86 and a two-hundred day moving average of $13.04. The company has a market capitalization of $214.00 million, a P/E ratio of 123.78 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.43 and a quick ratio of 0.41.

Motorcar Parts of America Company Profile

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.