Dorman Products, Inc. (DORM) Shares Bought by WCM Investment Management CA
WCM Investment Management CA raised its stake in Dorman Products, Inc. (NASDAQ:DORM) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,517 shares of the auto parts company’s stock after purchasing an additional 750 shares during the quarter. WCM Investment Management CA’s holdings in Dorman Products were worth $825,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in DORM. YorkBridge Wealth Partners LLC boosted its holdings in shares of Dorman Products by 3.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 41 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Dorman Products during the 2nd quarter valued at $117,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dorman Products by 8.9% during 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 in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Dorman Products by 10.6% during 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 in the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its holdings in shares of Dorman Products by 1,740.0% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after acquiring an additional 1,740 shares in the last quarter. Institutional investors own 76.39% of the company’s stock.
Several research firms recently weighed in on DORM. Zacks Investment Research lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. B. Riley restated a “neutral” rating and set a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st. FBR & Co restated a “neutral” rating and set a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a report on Monday, October 30th. Jefferies Group LLC restated a “hold” rating and set a $75.00 target price on shares of Dorman Products in a report on Sunday, October 29th. Finally, BidaskClub lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $68.33.
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Dorman Products, Inc. (DORM) traded up $0.33 during trading hours on Wednesday, hitting $67.01. 225,100 shares of the company traded hands, compared to its average volume of 157,382. Dorman Products, Inc. has a 1-year low of $62.64 and a 1-year high of $88.50. The firm has a market cap of $2,248.61, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.82 and a beta of 0.60.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Friday, October 27th. The auto parts company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The firm had revenue of $224.60 million during the quarter, compared to analyst estimates of $233.56 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. analysts forecast that Dorman Products, Inc. will post 3.34 earnings per share for the current fiscal 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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