HPM Partners LLC reduced its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,580 shares of the auto parts company’s stock after selling 153 shares during the period. HPM Partners LLC’s holdings in Dorman Products were worth $351,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of Dorman Products in the 2nd quarter valued at approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Dorman Products by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 118 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Dorman Products by 10.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 139 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Dorman Products by 10.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,930 shares of the auto parts company’s stock valued at $159,000 after purchasing an additional 180 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Dorman Products by 91.8% in the 1st quarter. LS Investment Advisors LLC now owns 2,235 shares of the auto parts company’s stock valued at $184,000 after purchasing an additional 1,070 shares during the last quarter. 75.61% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Paul R. Lederer sold 1,800 shares of Dorman Products stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $74.82, for a total transaction of $134,676.00. Following the sale, the director now owns 16,961 shares in the company, valued at $1,269,022.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.70% of the company’s stock.
Shares of Dorman Products, Inc. (NASDAQ DORM) opened at 67.94 on Tuesday. The firm has a 50 day moving average of $70.81 and a 200-day moving average of $78.10. The stock has a market capitalization of $2.31 billion, a P/E ratio of 20.65 and a beta of 0.64. Dorman Products, Inc. has a 12 month low of $60.00 and a 12 month high of $88.50.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $229.26 million for the quarter, compared to analysts’ expectations of $225.91 million. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 EPS. Analysts forecast that Dorman Products, Inc. will post $3.45 earnings per share for the current year.
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A number of brokerages have commented on DORM. BidaskClub raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. FBR & Co reissued a “mkt perform” rating and issued a $74.50 price objective on shares of Dorman Products in a research report on Tuesday, July 18th. Finally, Zacks Investment Research raised shares of Dorman Products from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.25.
Dorman Products Profile
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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