Royce & Associates LP Boosts Position in Dorman Products, Inc. (NASDAQ:DORM)


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Royce & Associates LP raised its stake in Dorman Products, Inc. (NASDAQ:DORM) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 353,091 shares of the auto parts company’s stock after buying an additional 32,589 shares during the period. Royce & Associates LP owned about 1.09% of Dorman Products worth $30,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Pembroke Management LTD boosted its holdings in shares of Dorman Products by 46.7% in the third quarter. Pembroke Management LTD now owns 260,974 shares of the auto parts company’s stock valued at $23,587,000 after purchasing an additional 83,109 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Dorman Products by 17.8% in the fourth quarter. Boston Trust Walden Corp now owns 431,512 shares of the auto parts company’s stock valued at $37,464,000 after acquiring an additional 65,296 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Dorman Products by 180.8% in the third quarter. Great West Life Assurance Co. Can now owns 100,541 shares of the auto parts company’s stock worth $4,806,000 after acquiring an additional 64,730 shares during the period. WCM Investment Management LLC grew its holdings in Dorman Products by 22.2% during the 3rd quarter. WCM Investment Management LLC now owns 168,624 shares of the auto parts company’s stock worth $15,240,000 after acquiring an additional 30,634 shares in the last quarter. Finally, Riverbridge Partners LLC increased its position in Dorman Products by 12.0% during the 4th quarter. Riverbridge Partners LLC now owns 270,471 shares of the auto parts company’s stock valued at $23,482,000 after purchasing an additional 29,061 shares during the period. Institutional investors and hedge funds own 76.53% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Dorman Products has an average rating of “Hold” and a consensus price target of $72.33.

Shares of DORM stock opened at $102.53 on Tuesday. The company has a market cap of $3.31 billion, a PE ratio of 37.56, a PEG ratio of 2.12 and a beta of 0.83. Dorman Products, Inc. has a 12-month low of $44.49 and a 12-month high of $102.99. The business’s fifty day simple moving average is $95.91 and its 200-day simple moving average is $91.29.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Sunday, February 21st. The auto parts company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.27. The business had revenue of $301.20 million for the quarter, compared to analyst estimates of $269.69 million. Dorman Products had a return on equity of 11.24% and a net margin of 8.58%. The company’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, sell-side analysts forecast that Dorman Products, Inc. will post 3.18 earnings per share for the current year.

About Dorman Products

Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks to the automotive aftermarket industry in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake and 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, and wheel bolts and lug nuts.

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

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