Dorman Products, Inc. (DORM) Stake Lifted by Fiera Capital Corp
Fiera Capital Corp lifted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 369.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,577 shares of the auto parts company’s stock after acquiring an additional 109,835 shares during the quarter. Fiera Capital Corp owned approximately 0.41% of Dorman Products worth $11,553,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Stephens Inc. AR boosted its holdings in shares of Dorman Products by 2.2% in the 2nd quarter. Stephens Inc. AR now owns 57,533 shares of the auto parts company’s stock worth $4,762,000 after acquiring an additional 1,225 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Dorman Products by 42.9% in the 2nd quarter. Alliancebernstein L.P. now owns 60,490 shares of the auto parts company’s stock worth $5,007,000 after acquiring an additional 18,160 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Dorman Products in the 2nd quarter worth approximately $345,000. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Dorman Products in the 2nd quarter worth approximately $378,000. Finally, Sawtooth Solutions LLC boosted its holdings in shares of Dorman Products by 7.7% in the 2nd quarter. Sawtooth Solutions LLC now owns 3,268 shares of the auto parts company’s stock worth $270,000 after acquiring an additional 235 shares in the last quarter. 75.61% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on DORM. Zacks Investment Research downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, FBR & Co reissued a “mkt perform” rating and issued a $74.50 target price on shares of Dorman Products in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.25.
In related news, Director Paul R. Lederer sold 1,800 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $74.82, for a total transaction of $134,676.00. Following the sale, the director now owns 16,961 shares in the company, valued at approximately $1,269,022.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.70% of the company’s stock.
Dorman Products, Inc. (NASDAQ DORM) opened at 67.95 on Friday. The company has a 50-day moving average of $69.67 and a 200 day moving average of $77.76. 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 $2.31 billion, a PE ratio of 20.65 and a beta of 0.64.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.01). The firm had revenue of $229.26 million for the quarter, compared to analyst estimates of $225.91 million. Dorman Products had a return on equity of 18.64% and a net margin of 12.66%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 EPS. Equities research analysts predict that Dorman Products, Inc. will post $3.45 EPS for the current year.
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.
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