Dorman Products, Inc. (DORM) Position Maintained by State of Tennessee Treasury Department
State of Tennessee Treasury Department continued to hold its position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 28,323 shares of the auto parts company’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned about 0.08% of Dorman Products worth $2,344,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Dorman Products in the 2nd quarter worth about $117,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dorman Products by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 118 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Dorman Products by 10.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock worth $120,000 after acquiring an additional 139 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Dorman Products by 10.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,930 shares of the auto parts company’s stock worth $159,000 after acquiring an additional 180 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of Dorman Products by 91.8% in the 1st quarter. LS Investment Advisors LLC now owns 2,235 shares of the auto parts company’s stock worth $184,000 after acquiring an additional 1,070 shares during the last quarter. Hedge funds and other institutional investors own 75.57% of the company’s stock.
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Several equities research analysts have recently issued reports on DORM shares. Zacks Investment Research upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Monday, June 26th. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, FBR & Co restated 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 given a hold rating to the company. The company currently 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 company’s 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 directly owns 16,961 shares in the company, valued at $1,269,022.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.70% of the stock is currently owned by corporate insiders.
Dorman Products, Inc. (NASDAQ:DORM) opened at 67.95 on Monday. The stock has a market cap of $2.31 billion, a P/E ratio of 20.65 and a beta of 0.64. 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 1-year low of $60.00 and a 1-year high of $88.50.
Dorman Products (NASDAQ:DORM) last posted its earnings results on Tuesday, August 1st. The auto parts company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.01). The company had revenue of $229.26 million during the quarter, compared to analyst estimates of $225.91 million. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. Analysts predict that Dorman Products, Inc. will post $3.45 EPS for the current year.
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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