New Amsterdam Partners LLC NY Has $4.97 Million Position in Dorman Products, Inc. (DORM)
New Amsterdam Partners LLC NY reduced its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 60,065 shares of the auto parts company’s stock after selling 1,223 shares during the period. New Amsterdam Partners LLC NY’s holdings in Dorman Products were worth $4,972,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of DORM. FTB Advisors Inc. boosted its stake in Dorman Products by 7.7% in the first quarter. FTB Advisors Inc. now owns 1,260 shares of the auto parts company’s stock worth $104,000 after buying an additional 90 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in Dorman Products by 7.8% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,349 shares of the auto parts company’s stock worth $116,000 after buying an additional 98 shares during the period. Victory Capital Management Inc. boosted its stake in Dorman Products by 10.3% in the first quarter. Victory Capital Management Inc. now owns 1,930 shares of the auto parts company’s stock worth $159,000 after buying an additional 180 shares during the period. LS Investment Advisors LLC boosted its stake in Dorman Products by 91.8% in the first quarter. LS Investment Advisors LLC now owns 2,235 shares of the auto parts company’s stock worth $184,000 after buying an additional 1,070 shares during the period. Finally, Ameritas Investment Partners Inc. acquired a new stake in Dorman Products during the first quarter worth about $188,000. Hedge funds and other institutional investors own 76.59% of the company’s stock.
Shares of Dorman Products, Inc. (DORM) opened at 74.17 on Friday. The firm has a market capitalization of $2.52 billion, a PE ratio of 22.54 and a beta of 0.61. Dorman Products, Inc. has a 52 week low of $60.00 and a 52 week high of $88.50. The stock has a 50 day moving average of $77.39 and a 200-day moving average of $78.45.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.01. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The business had revenue of $229.26 million for the quarter, compared to analyst estimates of $225.91 million. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts anticipate that Dorman Products, Inc. will post $3.45 earnings per share for the current fiscal year.
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A number of analysts have issued reports on the stock. Zacks Investment Research cut shares of Dorman Products from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. FBR & Co restated a “mkt perform” rating and issued a $74.50 price objective on shares of Dorman Products in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC restated a “hold” rating and issued a $85.00 price objective (up from $78.00) on shares of Dorman Products in a research note on Wednesday, May 3rd. Finally, B. Riley restated a “neutral” rating and issued a $74.50 price objective on shares of Dorman Products in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Dorman Products presently has an average rating of “Hold” and an average price target 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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