Dorman Products Inc. (DORM) Position Raised by Comerica Bank

Comerica Bank boosted its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,773 shares of the auto parts company’s stock after purchasing an additional 3,974 shares during the period. Comerica Bank’s holdings in Dorman Products were worth $3,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Dorman Products by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 859,092 shares of the auto parts company’s stock worth $61,528,000 after acquiring an additional 10,520 shares in the last quarter. State Street Corp grew its holdings in Dorman Products by 5.3% during the 2nd quarter. State Street Corp now owns 684,554 shares of the auto parts company’s stock worth $56,661,000 after acquiring an additional 34,516 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in Dorman Products by 12.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 642,180 shares of the auto parts company’s stock worth $39,263,000 after acquiring an additional 70,280 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Dorman Products by 33.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 330,617 shares of the auto parts company’s stock worth $23,679,000 after acquiring an additional 82,743 shares in the last quarter. Finally, American Capital Management Inc. grew its holdings in Dorman Products by 6.8% during the 4th quarter. American Capital Management Inc. now owns 330,065 shares of the auto parts company’s stock worth $20,180,000 after acquiring an additional 20,895 shares in the last quarter. 72.87% of the stock is owned by institutional investors and hedge funds.

Dorman Products Inc. (DORM) opened at $76.36 on Tuesday. Dorman Products Inc. has a 52-week low of $60.93 and a 52-week high of $88.50. The stock has a market cap of $2,575.04, a PE ratio of 23.07, a PEG ratio of 1.83 and a beta of 0.85.

Several research analysts have weighed in on DORM shares. BidaskClub lowered shares of Dorman Products from a “sell” rating to a “strong sell” rating in a report on Thursday, December 14th. Zacks Investment Research lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. CL King raised shares of Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. Jefferies Group restated a “hold” rating and issued a $75.00 price target on shares of Dorman Products in a research report on Sunday, October 29th. Finally, B. Riley restated a “neutral” rating and issued a $65.00 price target (down from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Dorman Products presently has an average rating of “Buy” and a consensus target price of $68.33.

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

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