California State Teachers Retirement System Trims Position in Dorman Products Inc. (NASDAQ:DORM)

California State Teachers Retirement System lessened its holdings in Dorman Products Inc. (NASDAQ:DORM) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,885 shares of the auto parts company’s stock after selling 4,690 shares during the quarter. California State Teachers Retirement System owned approximately 0.13% of Dorman Products worth $3,143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC raised its holdings in Dorman Products by 3.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 41 shares during the last quarter. SG Americas Securities LLC bought a new position in Dorman Products during the 2nd quarter worth approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Dorman Products by 8.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock worth $119,000 after purchasing an additional 118 shares during the last quarter. Winslow Evans & Crocker Inc. raised its holdings in Dorman Products by 1,740.0% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock worth $132,000 after purchasing an additional 1,740 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Dorman Products by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 2,268 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

Shares of Dorman Products Inc. (NASDAQ DORM) opened at $72.55 on Thursday. The company has a market cap of $2,422.62, a P/E ratio of 21.92, a PEG ratio of 1.72 and a beta of 0.61. Dorman Products Inc. has a 52-week low of $60.93 and a 52-week high of $88.50.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Friday, October 27th. The auto parts company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.07). The company had revenue of $224.60 million for the quarter, compared to analyst estimates of $233.56 million. Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS. equities research analysts predict that Dorman Products Inc. will post 3.34 earnings per share for the current year.

Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. CL King upgraded shares of Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Monday, January 1st. B. Riley reaffirmed a “neutral” rating and set a $65.00 price objective (down previously from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Finally, FBR & Co reaffirmed a “neutral” rating and set a $65.00 price objective (down previously from $75.00) on shares of Dorman Products in a research report on Monday, October 30th. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target 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.

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

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