Motorcar Parts of America, Inc. (NASDAQ:MPAA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “Mototcar Parts & Accessories Inc. is a leading manufacturer of replacement alternators and starters for imported and domestic cars and light trucks in the United States and Canada. The company’s full line of alternators and starters are remanufactured for vehicles imported from Japan, Germany, Sweden, France and Korea. The imported vehicles for which the company remanufactures alternators and starters also include vehicles produced by GM, Chrysler and Ford. The company also assembles and distributes ignition wire sets for imported and domestic cars and light trucks. “

A number of other brokerages have also commented on MPAA. B. Riley reiterated a “buy” rating and set a $39.00 price target on shares of Motorcar Parts of America in a report on Monday, March 27th. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Roth Capital reiterated a “buy” rating and set a $31.00 price target (down previously from $35.00) on shares of Motorcar Parts of America in a report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Motorcar Parts of America presently has a consensus rating of “Hold” and an average target price of $34.67.

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In other news, Director Jeffrey P. Mirvis bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The shares were acquired at an average price of $28.06 per share, for a total transaction of $56,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Duane Franklin Miller sold 17,000 shares of the business’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $30.11, for a total transaction of $511,870.00. Following the completion of the transaction, the director now owns 13,690 shares in the company, valued at approximately $412,205.90. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in Motorcar Parts of America during the fourth quarter valued at about $11,111,000. Vanguard Group Inc. raised its position in Motorcar Parts of America by 24.2% in the first quarter. Vanguard Group Inc. now owns 993,275 shares of the auto parts company’s stock valued at $30,523,000 after buying an additional 193,579 shares during the last quarter. River Road Asset Management LLC raised its position in Motorcar Parts of America by 20.1% in the first quarter. River Road Asset Management LLC now owns 1,038,723 shares of the auto parts company’s stock valued at $31,920,000 after buying an additional 173,680 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Motorcar Parts of America during the first quarter valued at about $4,291,000. Finally, Ameriprise Financial Inc. raised its position in Motorcar Parts of America by 9.2% in the first quarter. Ameriprise Financial Inc. now owns 1,416,761 shares of the auto parts company’s stock valued at $43,538,000 after buying an additional 119,322 shares during the last quarter.

About Motorcar Parts of America

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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