Old Mutual Global Investors UK Ltd. purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,573 shares of the auto parts company’s stock, valued at approximately $378,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Dorman Products during the 2nd quarter worth about $117,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Dorman Products by 8.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock worth $119,000 after buying an additional 118 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in Dorman Products by 10.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock worth $120,000 after buying an additional 139 shares in the last quarter. Victory Capital Management Inc. lifted its position in Dorman Products by 10.3% during the 1st quarter. Victory Capital Management Inc. now owns 1,930 shares of the auto parts company’s stock worth $159,000 after buying an additional 180 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its position in Dorman Products by 91.8% during the 1st quarter. LS Investment Advisors LLC now owns 2,235 shares of the auto parts company’s stock worth $184,000 after buying an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.
Shares of Dorman Products, Inc. (DORM) opened at 67.94 on Tuesday. Dorman Products, Inc. has a one year low of $60.00 and a one year high of $88.50. The company has a market capitalization of $2.31 billion, a PE ratio of 20.65 and a beta of 0.64. The firm’s 50-day moving average price is $70.81 and its 200 day moving average price is $78.10.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.84 by $0.01. The business had revenue of $229.26 million during the quarter, compared to analyst estimates of $225.91 million. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. Analysts anticipate that Dorman Products, Inc. will post $3.45 earnings per share for the current year.
Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Saturday, June 24th. Zacks Investment Research downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Finally, FBR & Co reiterated a “mkt perform” rating and set a $74.50 price target on shares of Dorman Products in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $81.25.
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In other news, Director Paul R. Lederer sold 1,800 shares of Dorman Products stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $74.82, for a total transaction of $134,676.00. Following the sale, the director now directly owns 16,961 shares of the company’s stock, valued at $1,269,022.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.70% of the company’s stock.
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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