California Public Employees Retirement System lowered its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,100 shares of the auto parts company’s stock after selling 2,200 shares during the period. California Public Employees Retirement System owned about 0.20% of Dorman Products worth $5,511,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Legato Capital Management LLC raised its stake in Dorman Products by 8,113.0% in the first quarter. Legato Capital Management LLC now owns 68,332 shares of the auto parts company’s stock worth $832,000 after buying an additional 67,500 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Dorman Products by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the auto parts company’s stock worth $1,018,000 after buying an additional 200 shares in the last quarter. Atria Investments LLC raised its stake in Dorman Products by 21.6% in the first quarter. Atria Investments LLC now owns 5,838 shares of the auto parts company’s stock worth $479,000 after buying an additional 1,037 shares in the last quarter. First National Bank of Omaha increased its position in shares of Dorman Products by 13.8% in the first quarter. First National Bank of Omaha now owns 19,998 shares of the auto parts company’s stock worth $1,642,000 after buying an additional 2,425 shares during the last quarter. Finally, WCM Investment Management CA increased its position in shares of Dorman Products by 9.1% in the first quarter. WCM Investment Management CA now owns 10,482 shares of the auto parts company’s stock worth $861,000 after buying an additional 870 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Shares of Dorman Products, Inc. (NASDAQ:DORM) traded down 1.34% during midday trading on Thursday, hitting $73.27. 148,696 shares of the stock traded hands. Dorman Products, Inc. has a one year low of $60.00 and a one year high of $88.50. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 22.27 and a beta of 0.61. The firm has a 50-day moving average price of $78.57 and a 200 day moving average price of $78.31.

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 company had revenue of $229.26 million for the quarter, compared to the consensus estimate of $225.91 million. Dorman Products had a net margin of 12.66% and a return on equity of 18.83%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. Analysts anticipate that Dorman Products, Inc. will post $3.46 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This news story was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/03/california-public-employees-retirement-system-sells-2200-shares-of-dorman-products-inc-nasdaqdorm-updated-updated-updated.html.

A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded 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 previously 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. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Dorman Products presently has a consensus rating of “Hold” and a consensus price target of $81.25.

In related news, Director Paul R. Lederer sold 7,593 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $82.70, for a total value of $627,941.10. Following the completion of the transaction, the director now owns 15,873 shares in the company, valued at approximately $1,312,697.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.70% of the stock is owned by company insiders.

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.

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

Receive News & Stock Ratings for Dorman Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products Inc. and related stocks with our FREE daily email newsletter.