Russell Investments Group Ltd. Buys 10,160 Shares of Dorman Products, Inc. (DORM)

Russell Investments Group Ltd. increased its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,205 shares of the auto parts company’s stock after buying an additional 10,160 shares during the quarter. Russell Investments Group Ltd. owned 0.42% of Dorman Products worth $10,113,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DORM. Teachers Advisors LLC grew its holdings in Dorman Products by 2.7% during the first quarter. Teachers Advisors LLC now owns 52,398 shares of the auto parts company’s stock worth $4,303,000 after buying an additional 1,387 shares in the last quarter. Aperio Group LLC boosted its position in Dorman Products by 11.4% in the second quarter. Aperio Group LLC now owns 9,258 shares of the auto parts company’s stock worth $766,000 after purchasing an additional 945 shares during the last quarter. Hartford Investment Management Co. purchased a new position in Dorman Products in the second quarter worth $219,000. Strs Ohio boosted its position in Dorman Products by 533.3% in the second quarter. Strs Ohio now owns 5,700 shares of the auto parts company’s stock worth $471,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Dorman Products by 17.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,160 shares of the auto parts company’s stock worth $675,000 after purchasing an additional 1,230 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Dorman Products, Inc. (NASDAQ:DORM) opened at $67.45 on Tuesday. Dorman Products, Inc. has a 1 year low of $62.64 and a 1 year high of $88.50. The firm has a market capitalization of $2,262.77, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.83 and a beta of 0.60.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Friday, October 27th. The auto parts company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The firm had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $233.56 million. During the same period in the prior year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. analysts anticipate that Dorman Products, Inc. will post 3.34 earnings per share for the current fiscal year.

Several research firms have weighed in on DORM. BidaskClub raised Dorman Products from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. B. Riley reissued a “neutral” rating and issued a $65.00 price objective (down previously from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Jefferies Group reissued a “hold” rating and issued a $75.00 price objective on shares of Dorman Products in a research report on Sunday, October 29th. Zacks Investment Research raised Dorman Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, FBR & Co reissued a “neutral” rating and issued a $65.00 price objective (down previously from $75.00) on shares of Dorman Products in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Dorman Products presently has a consensus rating of “Hold” and an average target price of $68.33.

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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.

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

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