Amalgamated Bank Increases Position in Dorman Products, Inc. (DORM)
Amalgamated Bank boosted its position in Dorman Products, Inc. (NASDAQ:DORM) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,814 shares of the auto parts company’s stock after acquiring an additional 270 shares during the period. Amalgamated Bank’s holdings in Dorman Products were worth $316,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in DORM. SG Americas Securities LLC bought a new stake in Dorman Products in the 2nd quarter valued at about $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dorman Products by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after acquiring an additional 118 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in Dorman Products by 10.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after acquiring an additional 139 shares during the period. Victory Capital Management Inc. raised its stake in Dorman Products by 10.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,930 shares of the auto parts company’s stock valued at $159,000 after acquiring an additional 180 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new stake in Dorman Products in the 1st quarter valued at about $188,000. Institutional investors and hedge funds own 75.57% of the company’s stock.
A number of brokerages recently issued reports on DORM. BidaskClub upgraded Dorman Products from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. 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. Finally, Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Dorman Products presently has a consensus rating of “Hold” and an average target price of $78.00.
In other news, Director Paul R. Lederer sold 1,800 shares of Dorman Products stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $74.82, for a total transaction of $134,676.00. Following the transaction, the director now directly owns 16,961 shares of the company’s stock, valued at approximately $1,269,022.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.70% of the stock is owned by insiders.
Shares of Dorman Products, Inc. (DORM) opened at 71.06 on Wednesday. The stock’s 50 day moving average price is $69.01 and its 200 day moving average price is $76.70. The company has a market capitalization of $2.41 billion, a PE ratio of 21.60 and a beta of 0.64. Dorman Products, Inc. has a 12 month low of $60.00 and a 12 month high of $88.50.
Dorman Products (NASDAQ:DORM) last announced its 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). The firm had revenue of $229.26 million during the quarter, compared to analysts’ expectations of $225.91 million. Dorman Products had a return on equity of 18.64% and a net margin of 12.66%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. On average, analysts forecast that Dorman Products, Inc. will post $3.45 EPS for the current year.
Dorman Products 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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