Zacks Investment Research lowered shares of Dorman Products, Inc. (NASDAQ:DORM) from a hold rating to a sell rating in a report released on Thursday morning.

According to Zacks, “R&B, Inc. is a leading supplier of OE Dealer Exclusive automotive replacement parts, automotive hardware, brake products, and household hardware to the Automotive Aftermarket and Mass Merchandise markets. Dorman automotive parts and hardware are marketed under the OE Solutions, HELP, AutoGrade, First Stop, Conduct-Tite, Pik-A-Nut and Scan-Tech brand names. “

Several other equities research analysts have also recently issued reports on the stock. BidaskClub cut shares of Dorman Products from a hold rating to a sell rating in a report on Thursday, July 27th. FBR & Co restated a mkt perform rating and set a $74.50 target price on shares of Dorman Products in a research note on Tuesday, July 18th. B. Riley restated a neutral rating and set a $74.50 target price on shares of Dorman Products in a research note on Saturday, May 13th. Finally, Jefferies Group LLC restated a hold rating and set a $85.00 target price (up previously from $78.00) on shares of Dorman Products in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of Hold and an average price target of $81.25.

Dorman Products (NASDAQ DORM) traded up 2.74% during trading on Thursday, reaching $75.28. The company had a trading volume of 125,654 shares. Dorman Products has a 12-month low of $60.00 and a 12-month high of $88.50. The firm has a market capitalization of $2.58 billion, a PE ratio of 22.88 and a beta of 0.61. The firm’s 50 day moving average price is $78.57 and its 200 day moving average price is $78.31.

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

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Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Dorman Products during the fourth quarter valued at about $14,761,000. Teachers Advisors LLC boosted its stake in Dorman Products by 17.9% in the fourth quarter. Teachers Advisors LLC now owns 51,011 shares of the auto parts company’s stock valued at $3,727,000 after buying an additional 7,742 shares during the period. WCM Investment Management CA boosted its stake in Dorman Products by 9.1% in the first quarter. WCM Investment Management CA now owns 10,482 shares of the auto parts company’s stock valued at $861,000 after buying an additional 870 shares during the period. First National Bank of Omaha boosted its stake in Dorman Products by 13.8% in the first quarter. First National Bank of Omaha now owns 19,998 shares of the auto parts company’s stock valued at $1,642,000 after buying an additional 2,425 shares during the period. Finally, Atria Investments LLC boosted its stake in Dorman Products by 21.6% in the first quarter. Atria Investments LLC now owns 5,838 shares of the auto parts company’s stock valued at $479,000 after buying an additional 1,037 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dorman Products Company Profile

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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