First Trust Advisors LP lowered its position in Dorman Products, Inc. (NASDAQ:DORM) by 22.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,936 shares of the auto parts company’s stock after selling 6,627 shares during the quarter. First Trust Advisors LP owned 0.07% of Dorman Products worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings 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 acquiring an additional 180 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in Dorman Products by 91.8% in the first quarter. LS Investment Advisors LLC now owns 2,235 shares of the auto parts company’s stock valued at $184,000 after acquiring an additional 1,070 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Dorman Products in the first quarter valued at $188,000. Teacher Retirement System of Texas acquired a new position in Dorman Products in the first quarter valued at $204,000. Finally, Weik Investment Services Inc. acquired a new position in Dorman Products in the first quarter valued at $205,000. Hedge funds and other institutional investors own 75.61% of the company’s stock.

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A number of research analysts recently weighed in on the company. BidaskClub upgraded Dorman Products from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. FBR & Co restated a “mkt perform” rating and set a $74.50 price objective on shares of Dorman Products in a research note on Tuesday, July 18th. Finally, Zacks Investment Research upgraded Dorman Products from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Monday, June 26th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $81.25.

Dorman Products, Inc. (NASDAQ:DORM) opened at 68.58 on Wednesday. The firm has a market cap of $2.33 billion, a PE ratio of 20.84 and a beta of 0.64. The firm’s 50 day moving average price is $70.73 and its 200-day moving average price is $78.03. Dorman Products, Inc. has a 52 week low of $60.00 and a 52 week high of $88.50.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.01). The business had revenue of $229.26 million during the quarter, compared to the consensus estimate 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, analysts forecast that Dorman Products, Inc. will post $3.45 EPS for the current year.

In related news, Director Paul R. Lederer sold 1,800 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $74.82, for a total value of $134,676.00. Following the completion of the sale, the director now directly owns 16,961 shares in the company, valued at $1,269,022.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.70% of the company’s stock.

Dorman Products Company 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.

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

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