Neuberger Berman Group LLC cut its holdings in shares of Dorman Products Inc. (NASDAQ:DORM) by 62.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,633 shares of the auto parts company’s stock after selling 10,832 shares during the quarter. Neuberger Berman Group LLC’s holdings in Dorman Products were worth $475,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. California Public Employees Retirement System increased its holdings in shares of Dorman Products by 4.1% during the 3rd quarter. California Public Employees Retirement System now owns 71,738 shares of the auto parts company’s stock worth $5,138,000 after acquiring an additional 2,838 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Dorman Products by 17.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,520 shares of the auto parts company’s stock valued at $682,000 after buying an additional 1,428 shares in the last quarter. Zions Bancorporation acquired a new position in Dorman Products in the 3rd quarter valued at $193,000. Oppenheimer Asset Management Inc. grew its holdings in Dorman Products by 4.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 45,369 shares of the auto parts company’s stock valued at $3,250,000 after buying an additional 1,747 shares in the last quarter. Finally, OxFORD Asset Management LLP grew its holdings in Dorman Products by 18.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 36,882 shares of the auto parts company’s stock valued at $2,640,000 after buying an additional 5,870 shares in the last quarter. 76.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dorman Products Inc. (DORM) opened at $69.67 on Thursday. Dorman Products Inc. has a 1 year low of $60.93 and a 1 year high of $88.50. The firm has a market capitalization of $2,330.00, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.71 and a beta of 0.61.
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 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 for the quarter, compared to the consensus estimate of $233.56 million. During the same quarter in the prior year, the company earned $0.77 earnings per share. Dorman Products’s quarterly revenue was up 5.5% compared to the same quarter last year. equities analysts forecast that Dorman Products Inc. will post 3.34 EPS for the current year.
A number of research analysts have commented on the company. BidaskClub raised Dorman Products from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Zacks Investment Research raised Dorman Products from a “sell” rating to a “hold” rating in a report on Monday, January 1st. CL King upgraded Dorman Products from a “neutral” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. Jefferies Group reiterated a “hold” rating and set a $75.00 target price on shares of Dorman Products in a research report on Sunday, October 29th. Finally, B. Riley reiterated a “neutral” rating and set a $65.00 target price (down from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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.
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