Dimensional Fund Advisors LP Has $48,345,000 Position in Dorman Products Inc. (DORM)
Dimensional Fund Advisors LP boosted its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 845,220 shares of the company’s stock after buying an additional 30,015 shares during the period. Dimensional Fund Advisors LP owned about 2.45% of Dorman Products worth $48,345,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. LaSalle Street Capital Management LLC bought a new stake in Dorman Products during the second quarter worth about $203,000. National Investment Services Inc. WI bought a new stake in Dorman Products during the second quarter worth about $226,000. Teacher Retirement System of Texas increased its stake in Dorman Products by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 4,459 shares of the company’s stock worth $255,000 after buying an additional 544 shares during the last quarter. BB&T Corp bought a new stake in Dorman Products during the second quarter worth about $312,000. Finally, Suntrust Banks Inc. increased its stake in Dorman Products by 7.6% in the second quarter. Suntrust Banks Inc. now owns 7,422 shares of the company’s stock worth $423,000 after buying an additional 523 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.
Shares of Dorman Products Inc. (NASDAQ:DORM) opened at 63.52 on Tuesday. Dorman Products Inc. has a 1-year low of $40.17 and a 1-year high of $67.30. The stock has a market capitalization of $2.19 billion, a P/E ratio of 22.61 and a beta of 0.76. The firm’s 50-day moving average is $63.70 and its 200 day moving average is $57.80.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. Dorman Products had a net margin of 11.82% and a return on equity of 18.83%. The company earned $209.60 million during the quarter, compared to analyst estimates of $214.11 million. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Dorman Products Inc. will post $2.99 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on DORM shares. Zacks Investment Research upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, June 28th. B. Riley restated a “neutral” rating and issued a $49.50 target price on shares of Dorman Products in a report on Wednesday, July 27th. Finally, Jefferies Group boosted their target price on shares of Dorman Products from $55.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $60.63.
In other Dorman Products news, SVP Jeffery Darby sold 490 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $64.00, for a total transaction of $31,360.00. Following the completion of the sale, the senior vice president now directly owns 11,990 shares of the company’s stock, valued at $767,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul R. Lederer sold 500 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $62.55, for a total transaction of $31,275.00. Following the sale, the director now directly owns 34,549 shares of the company’s stock, valued at $2,161,039.95. The disclosure for this sale can be found here. Company insiders own 11.70% of the company’s stock.
Dorman Products Company Profile
Dorman Products, Inc (Dorman) is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 150,000 various stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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