BidaskClub upgraded shares of Dorman Products (NASDAQ:DORM) from a sell rating to a hold rating in a research report released on Saturday.

Several other brokerages have also recently issued reports on DORM. CL King raised Dorman Products from a neutral rating to a strong-buy rating in a research report on Wednesday, January 3rd. FBR & Co reaffirmed a neutral rating and set a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a research report on Monday, October 30th. B. Riley reaffirmed a neutral rating and set a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Zacks Investment Research raised Dorman Products from a sell rating to a hold rating in a research report on Monday, January 1st. Finally, Jefferies Group reaffirmed a hold rating and set a $75.00 target price on shares of Dorman Products in a research report on Sunday, October 29th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $68.33.

Dorman Products (NASDAQ:DORM) traded up $0.76 on Friday, reaching $71.74. The company’s stock had a trading volume of 154,997 shares, compared to its average volume of 306,190. The stock has a market cap of $2,419.22, a P/E ratio of 21.67, a P/E/G ratio of 1.72 and a beta of 0.61. Dorman Products has a one year low of $60.93 and a one year high of $88.50.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Friday, October 27th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.07). The company had revenue of $224.60 million for the quarter, compared to the consensus estimate of $233.56 million. Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. research analysts expect that Dorman Products will post 3.34 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC boosted its position in shares of Dorman Products by 3.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 41 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Dorman Products in the 2nd quarter worth $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 purchasing an additional 118 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its position in shares of Dorman Products by 1,740.0% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock worth $132,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Dorman Products by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,268 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 338 shares in the last quarter. 76.23% of the stock is currently owned by institutional investors and hedge funds.

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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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