Dorman Products Inc. (DORM) Position Cut by ETRADE Capital Management LLC
ETRADE Capital Management LLC trimmed its position in Dorman Products Inc. (NASDAQ:DORM) by 30.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,959 shares of the auto parts company’s stock after selling 2,144 shares during the quarter. ETRADE Capital Management LLC’s holdings in Dorman Products were worth $303,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Zions Bancorporation bought a new position in Dorman Products in the third quarter valued at approximately $193,000. Visionary Asset Management Inc. bought a new position in Dorman Products in the third quarter valued at approximately $204,000. Mitchell Capital Management Co. bought a new position in Dorman Products in the fourth quarter valued at approximately $220,000. Virtu Financial LLC bought a new position in Dorman Products in the fourth quarter valued at approximately $225,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Dorman Products in the third quarter valued at approximately $275,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.
DORM has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Thursday, March 1st. CL King raised shares of Dorman Products from a “neutral” rating to a “strong-buy” rating in a research note on Wednesday, January 3rd. BidaskClub raised shares of Dorman Products from a “strong sell” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Barrington Research reissued a “hold” rating on shares of Dorman Products in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.50.
Shares of Dorman Products Inc. (DORM) opened at $69.47 on Wednesday. The firm has a market cap of $2,337.34, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. Dorman Products Inc. has a one year low of $60.93 and a one year high of $88.50.
Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, February 26th. The auto parts company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $227.72 million for the quarter, compared to analysts’ expectations of $234.58 million. Dorman Products had a net margin of 11.80% and a return on equity of 18.14%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. equities analysts predict that Dorman Products Inc. will post 4.2 earnings per share for the current fiscal year.
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Dorman Products 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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