Bank of Montreal Can Lowers Holdings in Dorman Products Inc. (DORM)

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Bank of Montreal Can lessened its stake in Dorman Products Inc. (NASDAQ:DORM) by 12.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,919 shares of the auto parts company’s stock after selling 1,003 shares during the quarter. Bank of Montreal Can’s holdings in Dorman Products were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new stake in shares of Dorman Products during the 4th quarter worth approximately $41,269,000. Channing Capital Management LLC acquired a new stake in shares of Dorman Products during the 4th quarter worth approximately $23,967,000. Norges Bank acquired a new stake in shares of Dorman Products during the 4th quarter worth approximately $18,465,000. Castleark Management LLC acquired a new stake in shares of Dorman Products during the 4th quarter worth approximately $5,713,000. Finally, Mackenzie Financial Corp grew its position in shares of Dorman Products by 26.5% during the 4th quarter. Mackenzie Financial Corp now owns 213,290 shares of the auto parts company’s stock worth $19,200,000 after buying an additional 44,726 shares during the period. Hedge funds and other institutional investors own 79.37% of the company’s stock.

Several equities research analysts have recently commented on DORM shares. ValuEngine upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a research report on Tuesday, February 26th. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Finally, BidaskClub cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Dorman Products currently has an average rating of “Hold” and a consensus price target of $56.50.

Shares of NASDAQ:DORM opened at $81.48 on Monday. Dorman Products Inc. has a one year low of $64.06 and a one year high of $97.38. The company has a market cap of $2.68 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.44 and a beta of 0.53.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, April 29th. The auto parts company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.17). Dorman Products had a return on equity of 18.77% and a net margin of 12.76%. The firm had revenue of $243.80 million for the quarter, compared to the consensus estimate of $248.09 million. During the same period in the previous year, the business earned $0.96 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Research analysts expect that Dorman Products Inc. will post 4.43 earnings per share for the current year.

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About Dorman Products

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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