Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 20.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,734 shares of the auto parts company’s stock after selling 455 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dorman Products were worth $153,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Capital Group LLC lifted its stake in Dorman Products by 22.3% in the first quarter. Private Capital Group LLC now owns 725 shares of the auto parts company’s stock worth $64,000 after acquiring an additional 132 shares during the period. Piedmont Investment Advisors Inc. lifted its stake in Dorman Products by 2.9% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,882 shares of the auto parts company’s stock worth $620,000 after acquiring an additional 195 shares during the period. Captrust Financial Advisors lifted its stake in Dorman Products by 90.7% in the fourth quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 196 shares during the period. Stone Ridge Asset Management LLC lifted its stake in Dorman Products by 2.6% in the fourth quarter. Stone Ridge Asset Management LLC now owns 8,289 shares of the auto parts company’s stock worth $746,000 after acquiring an additional 207 shares during the period. Finally, Van Hulzen Asset Management LLC lifted its stake in Dorman Products by 10.5% in the fourth quarter. Van Hulzen Asset Management LLC now owns 3,029 shares of the auto parts company’s stock worth $273,000 after acquiring an additional 289 shares during the period. 79.93% of the stock is owned by institutional investors.

A number of research firms recently weighed in on DORM. BidaskClub raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Zacks Investment Research lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Finally, ValuEngine lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $56.50.

Dorman Products stock traded up $0.33 during trading hours on Tuesday, reaching $83.08. The stock had a trading volume of 20,080 shares, compared to its average volume of 216,079. The company has a market capitalization of $2.74 billion, a PE ratio of 19.78, a P/E/G ratio of 1.44 and a beta of 0.53. Dorman Products Inc. has a 52 week low of $64.06 and a 52 week high of $97.38.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Monday, April 29th. The auto parts company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.17). The firm had revenue of $243.80 million during the quarter, compared to the consensus estimate of $248.09 million. Dorman Products had a return on equity of 18.77% and a net margin of 12.76%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 earnings per share. On average, equities research analysts predict that Dorman Products Inc. will post 4.43 EPS for the current year.

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Dorman Products Company Profile

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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