Dorman Products Inc. (DORM) Shares Bought by Comerica Bank

Comerica Bank boosted its stake in shares of Dorman Products Inc. (NASDAQ:DORM) by 3.6% in the 1st quarter, Holdings Channel reports. The firm owned 49,458 shares of the auto parts company’s stock after buying an additional 1,730 shares during the quarter. Comerica Bank’s holdings in Dorman Products were worth $4,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Private Capital Group LLC raised its stake in Dorman Products by 22.3% during the 1st quarter. Private Capital Group LLC now owns 725 shares of the auto parts company’s stock valued at $64,000 after purchasing an additional 132 shares during the last quarter. Piedmont Investment Advisors Inc. raised its stake in Dorman Products by 2.9% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,882 shares of the auto parts company’s stock valued at $620,000 after purchasing an additional 195 shares during the last quarter. Captrust Financial Advisors raised its stake in Dorman Products by 90.7% during the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 196 shares during the last quarter. Stone Ridge Asset Management LLC raised its stake in Dorman Products by 2.6% during the 4th quarter. Stone Ridge Asset Management LLC now owns 8,289 shares of the auto parts company’s stock valued at $746,000 after purchasing an additional 207 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dorman Products by 14.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,189 shares of the auto parts company’s stock valued at $197,000 after purchasing an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 79.93% of the company’s stock.

DORM has been the subject of several research analyst reports. ValuEngine upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. BidaskClub cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 2nd. Finally, Barrington Research reissued a “hold” rating on shares of Dorman Products in a report on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dorman Products presently has an average rating of “Hold” and an average target price of $56.50.

Shares of Dorman Products stock opened at $83.00 on Thursday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 1.45 and a beta of 0.53. Dorman Products Inc. has a 52-week low of $64.06 and a 52-week high of $97.38.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, April 29th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.17). The business had revenue of $243.80 million during the quarter, compared to the consensus estimate of $248.09 million. Dorman Products had a net margin of 12.76% and a return on equity of 18.77%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. On average, equities research analysts forecast that Dorman Products Inc. will post 4.43 earnings per share for the current fiscal year.

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Dorman Products Company Profile

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.

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

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