American Century Companies Inc. bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 57,184 shares of the auto parts company’s stock, valued at approximately $4,733,000. American Century Companies Inc. owned 0.17% of Dorman Products at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in Dorman Products by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 2,268 shares of the auto parts company’s stock worth $188,000 after buying an additional 338 shares during the period. BB&T Securities LLC boosted its position in Dorman Products by 9.6% during the 2nd quarter. BB&T Securities LLC now owns 4,816 shares of the auto parts company’s stock worth $398,000 after buying an additional 422 shares during the period. WCM Investment Management CA boosted its position in Dorman Products by 2.7% during the 2nd quarter. WCM Investment Management CA now owns 10,767 shares of the auto parts company’s stock worth $891,000 after buying an additional 285 shares during the period. BNP Paribas Arbitrage SA boosted its position in Dorman Products by 52.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,818 shares of the auto parts company’s stock worth $813,000 after buying an additional 3,394 shares during the period. Finally, Legal & General Group Plc boosted its position in Dorman Products by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 57,265 shares of the auto parts company’s stock worth $4,740,000 after buying an additional 4,767 shares during the period. Institutional investors and hedge funds own 75.61% of the company’s stock.
In other news, Director Paul R. Lederer sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $74.82, for a total value of $134,676.00. Following the transaction, the director now owns 16,961 shares in the company, valued at $1,269,022.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.70% of the stock is currently owned by company insiders.
A number of research analysts have recently issued reports on DORM shares. Zacks Investment Research downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. FBR & Co restated a “mkt perform” rating and issued a $74.50 price target on shares of Dorman Products in a research report on Tuesday, July 18th. Finally, BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $81.25.
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Dorman Products, Inc. (NASDAQ:DORM) opened at 67.74 on Monday. Dorman Products, Inc. has a 12 month low of $60.00 and a 12 month high of $88.50. The firm has a market cap of $2.30 billion, a P/E ratio of 20.59 and a beta of 0.64. The stock has a 50 day moving average of $70.98 and a 200-day moving average of $78.06.
Dorman Products (NASDAQ:DORM) last issued its earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.01. Dorman Products had a return on equity of 18.64% and a net margin of 12.66%. The firm had revenue of $229.26 million during the quarter, compared to the consensus estimate of $225.91 million. During the same quarter in the prior year, the business posted $0.75 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that Dorman Products, Inc. will post $3.45 earnings per share for the current fiscal year.
About Dorman Products
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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