Kornitzer Capital Management Inc. KS decreased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 13.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,930 shares of the auto parts company’s stock after selling 11,860 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Dorman Products were worth $6,367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Motley Fool Asset Management LLC purchased a new position in shares of Dorman Products during the first quarter worth about $2,952,000. Tributary Capital Management LLC boosted its position in shares of Dorman Products by 11.1% in the first quarter. Tributary Capital Management LLC now owns 218,115 shares of the auto parts company’s stock worth $17,914,000 after buying an additional 21,722 shares in the last quarter. Norges Bank purchased a new position in shares of Dorman Products during the fourth quarter worth about $14,761,000. Paradice Investment Management LLC boosted its position in shares of Dorman Products by 67.8% in the first quarter. Paradice Investment Management LLC now owns 86,742 shares of the auto parts company’s stock worth $7,124,000 after buying an additional 35,040 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Dorman Products by 1.3% in the first quarter. Arizona State Retirement System now owns 15,833 shares of the auto parts company’s stock worth $1,300,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dorman Products, Inc. (NASDAQ DORM) opened at 75.28 on Friday. The firm has a market cap of $2.58 billion, a PE ratio of 22.88 and a beta of 0.61. Dorman Products, Inc. has a one year low of $60.00 and a one year high of $88.50. The company’s 50-day moving average is $78.57 and its 200-day moving average is $78.31.

Dorman Products (NASDAQ:DORM) last released its earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $229.26 million for the quarter, compared to analyst estimates of $225.91 million. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. On average, analysts forecast that Dorman Products, Inc. will post $3.46 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on DORM shares. Zacks Investment Research cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. BidaskClub cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Jefferies Group LLC restated a “hold” rating and set a $85.00 price objective (up previously from $78.00) on shares of Dorman Products in a report on Wednesday, May 3rd. Finally, FBR & Co restated a “mkt perform” rating and set a $74.50 price objective on shares of Dorman Products in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Dorman Products presently has a consensus rating of “Hold” and a consensus target price of $81.25.

About Dorman Products

Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.

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

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