Louisiana State Employees Retirement System cut its stake in Dorman Products, Inc. (NASDAQ:DORM) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,300 shares of the auto parts company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Dorman Products were worth $1,018,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Guggenheim Capital LLC boosted its position in shares of Dorman Products by 465.2% in the fourth quarter. Guggenheim Capital LLC now owns 31,344 shares of the auto parts company’s stock valued at $2,290,000 after buying an additional 25,798 shares during the period. AQR Capital Management LLC boosted its position in shares of Dorman Products by 3.0% in the fourth quarter. AQR Capital Management LLC now owns 31,156 shares of the auto parts company’s stock valued at $2,276,000 after buying an additional 919 shares during the period. Norges Bank purchased a new position in shares of Dorman Products during the fourth quarter valued at about $14,761,000. USA Financial Portformulas Corp boosted its position in shares of Dorman Products by 27.8% in the fourth quarter. USA Financial Portformulas Corp now owns 6,840 shares of the auto parts company’s stock valued at $500,000 after buying an additional 1,486 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Dorman Products by 17.9% in the fourth quarter. Teachers Advisors LLC now owns 51,011 shares of the auto parts company’s stock valued at $3,727,000 after buying an additional 7,742 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.
Dorman Products, Inc. (DORM) opened at 77.94 on Friday. Dorman Products, Inc. has a one year low of $56.10 and a one year high of $88.50. The stock has a market capitalization of $2.67 billion, a PE ratio of 24.28 and a beta of 0.63. The firm has a 50-day moving average of $78.84 and a 200 day moving average of $78.10.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Tuesday, May 2nd. The auto parts company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $221.60 million for the quarter, compared to analyst estimates of $224.16 million. Dorman Products had a net margin of 12.66% and a return on equity of 18.79%. Dorman Products’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. On average, equities research analysts anticipate that Dorman Products, Inc. will post $3.47 earnings per share for the current fiscal year.
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Several research analysts have issued reports on DORM shares. Zacks Investment Research cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $85.00 target price (up from $78.00) on shares of Dorman Products in a report on Wednesday, May 3rd. B. Riley reaffirmed a “neutral” rating and issued a $74.50 target price on shares of Dorman Products in a report on Monday, May 8th. Finally, BidaskClub cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Dorman Products has a consensus rating of “Hold” and an average price target of $81.25.
In other Dorman Products news, Director Paul R. Lederer sold 7,593 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $82.70, for a total transaction of $627,941.10. Following the sale, the director now directly owns 15,873 shares in the company, valued at $1,312,697.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.70% of the stock is currently owned by insiders.
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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