Teacher Retirement System of Texas held its position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the second quarter, according to its most recent filing with the SEC. The firm owned 2,482 shares of the auto parts company’s stock at the end of the second quarter. Teacher Retirement System of Texas’ holdings in Dorman Products were worth $205,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in shares of Dorman Products by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 158,515 shares of the auto parts company’s stock valued at $13,121,000 after buying an additional 5,579 shares during the period. Sei Investments Co. boosted its position in shares of Dorman Products by 35.6% in the second quarter. Sei Investments Co. now owns 14,769 shares of the auto parts company’s stock valued at $1,222,000 after buying an additional 3,880 shares during the period. Moody Aldrich Partners LLC boosted its position in shares of Dorman Products by 37.6% in the second quarter. Moody Aldrich Partners LLC now owns 7,405 shares of the auto parts company’s stock valued at $613,000 after buying an additional 2,025 shares during the period. Lebenthal Lisanti Capital Growth LLC boosted its position in shares of Dorman Products by 27.7% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 14,973 shares of the auto parts company’s stock valued at $1,239,000 after buying an additional 3,244 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of Dorman Products by 3.0% in the second quarter. Great West Life Assurance Co. Can now owns 43,511 shares of the auto parts company’s stock valued at $3,599,000 after buying an additional 1,267 shares during the period. Hedge funds and other institutional investors own 75.62% of the company’s stock.

Dorman Products, Inc. (NASDAQ DORM) opened at 66.22 on Thursday. The stock has a 50 day moving average of $73.54 and a 200 day moving average of $78.31. Dorman Products, Inc. has a 52 week low of $60.00 and a 52 week high of $88.50. The company has a market cap of $2.25 billion, a PE ratio of 20.13 and a beta of 0.61.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.01. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The business had revenue of $229.26 million during the quarter, compared to analysts’ expectations of $225.91 million. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that Dorman Products, Inc. will post $3.45 EPS for the current fiscal year.

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Several brokerages have recently weighed in on DORM. BidaskClub cut shares of Dorman Products from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research cut shares of Dorman Products from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, 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. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $81.25.

In related news, Director Paul R. Lederer sold 1,800 shares of Dorman Products stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $74.82, for a total value of $134,676.00. Following the sale, the director now directly owns 16,961 shares in the company, valued at $1,269,022.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.70% of the stock is owned by 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.

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

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