Dorman Products, Inc. (DORM) Stake Decreased by Epoch Investment Partners Inc.
Epoch Investment Partners Inc. cut its position in Dorman Products, Inc. (NASDAQ:DORM) by 95.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 16,443 shares of the company’s stock after selling 320,636 shares during the period. Epoch Investment Partners Inc.’s holdings in Dorman Products were worth $1,051,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Evercore Wealth Management LLC boosted its stake in Dorman Products by 0.5% in the second quarter. Evercore Wealth Management LLC now owns 429,751 shares of the company’s stock worth $24,581,000 after buying an additional 2,343 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Dorman Products by 21.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 274,402 shares of the company’s stock worth $15,696,000 after buying an additional 48,097 shares during the period. American Capital Management Inc. bought a new stake in Dorman Products during the third quarter worth approximately $19,796,000. Bank of New York Mellon Corp boosted its stake in Dorman Products by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 469,902 shares of the company’s stock worth $30,026,000 after buying an additional 2,124 shares during the period. Finally, Congress Asset Management Co. MA boosted its stake in Dorman Products by 11.5% in the second quarter. Congress Asset Management Co. MA now owns 755,020 shares of the company’s stock worth $43,187,000 after buying an additional 77,749 shares during the period. 75.65% of the stock is currently owned by institutional investors.
Dorman Products, Inc. (NASDAQ:DORM) traded up 1.53% on Friday, reaching $70.22. 148,872 shares of the company were exchanged. The firm has a market capitalization of $2.42 billion, a P/E ratio of 24.66 and a beta of 0.70. The firm has a 50-day moving average of $73.29 and a 200 day moving average of $64.47. Dorman Products, Inc. has a 12-month low of $40.17 and a 12-month high of $79.03.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, October 24th. The company reported $0.77 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.04. Dorman Products had a net margin of 11.87% and a return on equity of 18.49%. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $225.94 million. During the same quarter in the previous year, the company earned $0.73 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Dorman Products, Inc. will post $3.01 earnings per share for the current year.
DORM has been the topic of a number of research reports. Zacks Investment Research cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Jefferies Group reaffirmed a “hold” rating and issued a $60.00 price target on shares of Dorman Products in a report on Wednesday, October 19th. CL King cut shares of Dorman Products from a “buy” rating to a “neutral” rating in a report on Wednesday, January 4th. FBR & Co reaffirmed a “buy” rating and issued a $68.00 price target on shares of Dorman Products in a report on Wednesday, October 26th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $58.00 price target on shares of Dorman Products in a report on Thursday, October 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $66.50.
In other news, Director Paul R. Lederer sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $71.57, for a total transaction of $143,140.00. Following the sale, the director now owns 18,673 shares in the company, valued at $1,336,426.61. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.
Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products, Inc. (NASDAQ:DORM).
Receive News & Ratings for Dorman Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.