Dorman Products Inc. (DORM) Holdings Reduced by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 8.7% in the 3rd quarter, reports. The institutional investor owned 61,547 shares of the auto parts company’s stock after selling 5,840 shares during the quarter. Great Lakes Advisors LLC’s holdings in Dorman Products were worth $4,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DORM. NumerixS Investment Technologies Inc boosted its stake in Dorman Products by 1,500.0% during the second quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the auto parts company’s stock worth $112,000 after buying an additional 1,500 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Dorman Products during the second quarter valued at $115,000. First Hawaiian Bank purchased a new stake in shares of Dorman Products during the third quarter valued at $203,000. CIBC Asset Management Inc purchased a new stake in shares of Dorman Products during the third quarter valued at $204,000. Finally, BB&T Corp purchased a new stake in shares of Dorman Products during the third quarter valued at $212,000. 79.97% of the stock is owned by institutional investors.

Shares of NASDAQ DORM opened at $87.86 on Monday. The company has a market capitalization of $2.90 billion, a P/E ratio of 26.07, a PEG ratio of 1.62 and a beta of 0.98. Dorman Products Inc. has a 52 week low of $56.36 and a 52 week high of $91.32.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, October 25th. The auto parts company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. The firm had revenue of $247.95 million for the quarter, compared to analyst estimates of $234.46 million. Dorman Products had a return on equity of 19.80% and a net margin of 12.85%. As a group, equities analysts expect that Dorman Products Inc. will post 4.18 EPS for the current year.

In related news, CEO Mathias J. Barton sold 18,986 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $81.34, for a total value of $1,544,321.24. Following the sale, the chief executive officer now owns 111,011 shares in the company, valued at $9,029,634.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.90% of the stock is owned by corporate insiders.

DORM has been the subject of a number of recent research reports. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a report on Monday, October 22nd. ValuEngine upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Monday, August 6th. Finally, BidaskClub downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Dorman Products presently has a consensus rating of “Buy” and an average target price of $46.50.

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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.

See Also: Debt-To-Equity Ratio

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

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