Voya Investment Management LLC boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,292 shares of the auto parts company’s stock after acquiring an additional 1,477 shares during the quarter. Voya Investment Management LLC’s holdings in Dorman Products were worth $1,017,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. OxFORD Asset Management LLP lifted its position in shares of Dorman Products by 31.4% during the 2nd quarter. OxFORD Asset Management LLP now owns 31,012 shares of the auto parts company’s stock worth $2,567,000 after buying an additional 7,409 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Dorman Products by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 848,572 shares of the auto parts company’s stock valued at $70,236,000 after buying an additional 3,534 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Dorman Products by 12.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 100,489 shares of the auto parts company’s stock valued at $8,317,000 after buying an additional 11,474 shares in the last quarter. Advisor Group Inc. grew its stake in Dorman Products by 15.2% in the 2nd quarter. Advisor Group Inc. now owns 3,068 shares of the auto parts company’s stock valued at $254,000 after buying an additional 404 shares in the last quarter. Finally, Suntrust Banks Inc. grew its position in shares of Dorman Products by 7.9% during the 2nd quarter. Suntrust Banks Inc. now owns 12,511 shares of the auto parts company’s stock valued at $1,034,000 after purchasing an additional 912 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dorman Products, Inc. (NASDAQ:DORM) traded up $0.17 during midday trading on Friday, hitting $66.61. 218,000 shares of the company traded hands, compared to its average volume of 157,072. Dorman Products, Inc. has a one year low of $62.64 and a one year high of $88.50. The stock has a market capitalization of $2,240.52, a PE ratio of 20.07, a P/E/G ratio of 1.81 and a beta of 0.60.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Friday, October 27th. The auto parts company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.07). Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The business had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $233.56 million. During the same quarter last year, the company posted $0.77 EPS. Dorman Products’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities research analysts anticipate that Dorman Products, Inc. will post 3.34 EPS for the current fiscal year.
In other news, Director Paul R. Lederer sold 1,800 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $74.82, for a total transaction of $134,676.00. Following the sale, the director now owns 16,961 shares in the company, valued at $1,269,022.02. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.70% of the company’s stock.
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A number of research firms have recently commented on DORM. BidaskClub lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. FBR & Co reaffirmed a “mkt perform” rating and set a $74.50 price objective on shares of Dorman Products in a report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. B. Riley reaffirmed a “neutral” rating and set a $65.00 price objective (down from $75.00) on shares of Dorman Products in a research note on Wednesday, November 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price objective on shares of Dorman Products in a research note on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.33.
About Dorman Products
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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