Gotham Asset Management LLC lifted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 333.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 73,098 shares of the auto parts company’s stock after purchasing an additional 56,238 shares during the period. Gotham Asset Management LLC owned about 0.22% of Dorman Products worth $6,050,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in DORM. YorkBridge Wealth Partners LLC lifted its position in shares of Dorman Products by 3.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 41 shares during the period. SG Americas Securities LLC bought a new position in shares of Dorman Products during the 2nd quarter worth approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 acquiring an additional 118 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of 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 acquiring an additional 139 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of 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 acquiring an additional 180 shares in the last quarter. 75.57% of the stock is owned by hedge funds and other institutional investors.
DORM has been the subject of several recent analyst reports. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, FBR & Co reiterated a “mkt perform” rating and set a $74.50 price objective on shares of Dorman Products in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $78.00.
Dorman Products, Inc. (NASDAQ DORM) opened at 71.06 on Wednesday. The company’s 50 day moving average is $69.01 and its 200 day moving average is $76.70. Dorman Products, Inc. has a 1-year low of $60.00 and a 1-year high of $88.50. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 21.60 and a beta of 0.64.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $225.91 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Dorman Products, Inc. will post $3.45 EPS for the current year.
In related news, Director Paul R. Lederer sold 1,800 shares of Dorman Products 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 completion of the transaction, the director now owns 16,961 shares in the company, valued at $1,269,022.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.70% of the stock is owned by insiders.
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Dorman Products Company 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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