Dorman Products, Inc. (DORM) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC boosted its position in Dorman Products, Inc. (NASDAQ:DORM) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,489 shares of the auto parts company’s stock after purchasing an additional 11,474 shares during the period. Parametric Portfolio Associates LLC owned about 0.29% of Dorman Products worth $8,317,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Dorman Products in the second quarter valued at approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dorman Products by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 118 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Dorman Products by 10.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 139 shares during the last quarter. Victory Capital Management Inc. lifted 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 valued at $159,000 after purchasing an additional 180 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Dorman Products in the first quarter valued at approximately $188,000. Institutional investors and hedge funds own 75.52% of the company’s stock.
Dorman Products, Inc. (DORM) opened at 69.60 on Monday. The company has a 50-day moving average price of $69.59 and a 200 day moving average price of $76.48. The stock has a market cap of $2.37 billion, a P/E ratio of 21.16 and a beta of 0.63. Dorman Products, Inc. has a 1-year low of $60.00 and a 1-year high of $88.50.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.01). The business had revenue of $229.26 million for 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 was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Equities analysts expect that Dorman Products, Inc. will post $3.45 earnings per share for the current fiscal year.
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Several equities analysts recently commented on the company. Zacks Investment Research downgraded Dorman Products from a “hold” rating to a “sell” rating in a research note on Monday, July 10th. FBR & Co reiterated 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, BidaskClub upgraded Dorman Products from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. 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 a consensus rating of “Hold” and an average price target of $78.00.
In other news, Director Paul R. Lederer sold 1,800 shares of Dorman Products stock in a transaction on Monday, August 14th. The shares were sold at an average price of $74.82, for a total transaction of $134,676.00. Following the transaction, the director now owns 16,961 shares in the company, valued at approximately $1,269,022.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.70% of the company’s stock.
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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