Advisor Group Inc. grew its position in Dorman Products, Inc. (NASDAQ:DORM) by 15.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,068 shares of the auto parts company’s stock after purchasing an additional 404 shares during the period. Advisor Group Inc.’s holdings in Dorman Products were worth $254,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Dorman Products by 161,230.6% in the first quarter. BlackRock Inc. now owns 3,499,260 shares of the auto parts company’s stock valued at $287,394,000 after purchasing an additional 3,497,091 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Dorman Products by 1.0% in the second quarter. Vanguard Group Inc. now owns 2,833,910 shares of the auto parts company’s stock valued at $234,562,000 after purchasing an additional 27,088 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in shares of Dorman Products by 7.9% in the second quarter. Congress Asset Management Co. MA now owns 1,009,387 shares of the auto parts company’s stock valued at $83,547,000 after purchasing an additional 73,884 shares during the last quarter. State Street Corp raised its holdings in shares of Dorman Products by 8.7% in the first quarter. State Street Corp now owns 650,038 shares of the auto parts company’s stock valued at $53,388,000 after purchasing an additional 51,982 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Dorman Products by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 549,328 shares of the auto parts company’s stock valued at $45,468,000 after purchasing an additional 6,474 shares during the last quarter. Institutional investors own 75.52% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. BidaskClub downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, FBR & Co reiterated a “mkt perform” rating and issued a $74.50 target price on shares of Dorman Products in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $78.00.

Shares of Dorman Products, Inc. (NASDAQ:DORM) opened at 69.60 on Monday. The company’s 50-day moving average is $69.59 and its 200-day moving average is $76.48. The stock has a market cap of $2.37 billion, a P/E ratio of 21.16 and a beta of 0.63. Dorman Products, Inc. has a 12-month low of $60.00 and a 12-month high of $88.50.

Dorman Products (NASDAQ:DORM) last issued its 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 return on equity of 18.64% and a net margin of 12.66%. The business had revenue of $229.26 million during the quarter, compared to analysts’ expectations of $225.91 million. During the same period last year, the firm posted $0.75 EPS. Dorman Products’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Dorman Products, Inc. will post $3.45 earnings per share for the current year.

In other Dorman Products news, Director Paul R. Lederer sold 1,800 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $74.82, for a total value of $134,676.00. Following the completion of the transaction, the director now owns 16,961 shares of the company’s stock, valued at approximately $1,269,022.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.70% of the stock is currently owned by insiders.

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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)

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