Fifth Third Bancorp cut its stake in shares of Dorman Products Inc. (NASDAQ:DORM) by 43.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 543 shares of the auto parts company’s stock after selling 423 shares during the quarter. Fifth Third Bancorp’s holdings in Dorman Products were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in DORM. Rothschild Investment Corp IL bought a new stake in Dorman Products during the fourth quarter valued at approximately $305,000. New York State Teachers Retirement System lifted its position in Dorman Products by 76.8% during the fourth quarter. New York State Teachers Retirement System now owns 29,522 shares of the auto parts company’s stock valued at $2,235,000 after purchasing an additional 12,820 shares during the last quarter. Reinhart Partners Inc. lifted its position in Dorman Products by 96.5% during the fourth quarter. Reinhart Partners Inc. now owns 51,072 shares of the auto parts company’s stock valued at $3,867,000 after purchasing an additional 25,087 shares during the last quarter. California Public Employees Retirement System lifted its position in Dorman Products by 34.4% during the fourth quarter. California Public Employees Retirement System now owns 84,913 shares of the auto parts company’s stock valued at $6,430,000 after purchasing an additional 21,725 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted its holdings in shares of Dorman Products by 86.7% in the 4th quarter. Anchor Capital Advisors LLC now owns 709,584 shares of the auto parts company’s stock worth $53,730,000 after acquiring an additional 329,436 shares during the last quarter. Institutional investors and hedge funds own 81.26% of the company’s stock.

Shares of NASDAQ DORM opened at $66.39 on Friday. The company has a quick ratio of 1.89, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. Dorman Products Inc. has a 52 week low of $44.49 and a 52 week high of $89.65. The firm’s fifty day moving average is $59.92 and its 200 day moving average is $67.89. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 2.12 and a beta of 0.76.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, April 27th. The auto parts company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Dorman Products had a net margin of 8.27% and a return on equity of 10.66%. The company had revenue of $257.70 million for the quarter, compared to the consensus estimate of $236.09 million. During the same period in the previous year, the firm earned $0.79 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts anticipate that Dorman Products Inc. will post 2.62 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the stock. TheStreet lowered shares of Dorman Products from a “b-” rating to a “c+” rating in a report on Monday, February 24th. ValuEngine lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Stephens boosted their price objective on shares of Dorman Products from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Barrington Research assumed coverage on shares of Dorman Products in a report on Monday, February 24th. They issued a “hold” rating for the company. Finally, BidaskClub upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Friday, May 15th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $57.50.

About Dorman Products

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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