BTIM Corp. Reduces Position in Dorman Products Inc. (DORM)
BTIM Corp. cut its position in Dorman Products Inc. (NASDAQ:DORM) by 0.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 535,014 shares of the company’s stock after selling 3,132 shares during the period. BTIM Corp.’s holdings in Dorman Products were worth $34,187,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of DORM. Capstone Asset Management Co. raised its position in Dorman Products by 1.0% in the second quarter. Capstone Asset Management Co. now owns 9,073 shares of the company’s stock worth $519,000 after buying an additional 90 shares in the last quarter. PineBridge Investments L.P. raised its position in shares of Dorman Products by 4.3% in the second quarter. PineBridge Investments L.P. now owns 3,819 shares of the company’s stock valued at $218,000 after buying an additional 157 shares during the period. Arizona State Retirement System raised its position in shares of Dorman Products by 1.3% in the second quarter. Arizona State Retirement System now owns 15,633 shares of the company’s stock valued at $894,000 after buying an additional 200 shares during the period. BlackRock Advisors LLC raised its position in shares of Dorman Products by 0.3% in the second quarter. BlackRock Advisors LLC now owns 86,724 shares of the company’s stock valued at $4,961,000 after buying an additional 261 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Dorman Products by 1.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 21,399 shares of the company’s stock valued at $1,224,000 after buying an additional 305 shares during the period. 75.95% of the stock is currently owned by institutional investors.
Shares of Dorman Products Inc. (NASDAQ:DORM) traded up 0.25% during trading on Wednesday, hitting $71.52. 26,037 shares of the company traded hands. The company has a 50 day moving average price of $65.07 and a 200 day moving average price of $60.67. Dorman Products Inc. has a 52 week low of $40.17 and a 52 week high of $72.45. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 25.11 and a beta of 0.66.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, October 24th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by $0.04. Dorman Products had a return on equity of 18.49% and a net margin of 11.87%. The business earned $212.80 million during the quarter, compared to analysts’ expectations of $225.94 million. During the same period in the previous year, the business earned $0.73 earnings per share. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts expect that Dorman Products Inc. will post $3.01 earnings per share for the current year.
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Several analysts have weighed in on DORM shares. Jefferies Group reissued a “hold” rating and issued a $60.00 price target on shares of Dorman Products in a research note on Wednesday, October 19th. B. Riley reaffirmed a “neutral” rating and set a $58.00 price objective on shares of Dorman Products in a research note on Thursday, October 27th. Zacks Investment Research downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Finally, FBR & Co reaffirmed a “buy” rating and set a $68.00 price objective on shares of Dorman Products in a research note on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $64.50.
In other news, SVP Jeffery Darby sold 490 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $64.00, for a total value of $31,360.00. Following the completion of the sale, the senior vice president now owns 11,990 shares in the company, valued at approximately $767,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.70% of the stock is currently owned by insiders.
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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