Fmr LLC Has $47.62 Million Stake in Dorman Products Inc. (DORM)

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Fmr LLC reduced its stake in shares of Dorman Products Inc. (NASDAQ:DORM) by 32.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 528,982 shares of the auto parts company’s stock after selling 250,986 shares during the quarter. Fmr LLC owned about 1.60% of Dorman Products worth $47,619,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors grew its position in shares of Dorman Products by 90.7% during the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock worth $37,000 after buying an additional 196 shares during the period. Private Capital Group LLC grew its position in shares of Dorman Products by 62.9% during the 4th quarter. Private Capital Group LLC now owns 593 shares of the auto parts company’s stock worth $53,000 after buying an additional 229 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Dorman Products during the 4th quarter worth about $96,000. Strs Ohio acquired a new position in shares of Dorman Products during the 4th quarter worth about $126,000. Finally, LS Investment Advisors LLC grew its position in shares of Dorman Products by 98.7% during the 4th quarter. LS Investment Advisors LLC now owns 1,820 shares of the auto parts company’s stock worth $164,000 after buying an additional 904 shares during the period. Institutional investors own 80.26% of the company’s stock.

Several equities analysts have recently weighed in on DORM shares. BidaskClub upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 2nd. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a report on Tuesday, February 26th. ValuEngine upgraded Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Finally, CL King cut Dorman Products from a “buy” rating to a “neutral” rating in a report on Monday, January 14th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $56.50.

NASDAQ:DORM opened at $95.49 on Thursday. The stock has a market cap of $3.12 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55. Dorman Products Inc. has a fifty-two week low of $56.36 and a fifty-two week high of $97.38.

Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, February 25th. The auto parts company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.03. The firm had revenue of $260.34 million for the quarter, compared to analysts’ expectations of $249.09 million. Dorman Products had a return on equity of 20.20% and a net margin of 13.72%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. On average, analysts forecast that Dorman Products Inc. will post 4.45 earnings per share for the current fiscal year.

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Dorman Products Company Profile

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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