Dorman Products (NASDAQ:DORM) Upgraded to “Strong-Buy” at CL King

Dorman Products (NASDAQ:DORM) was upgraded by equities research analysts at CL King from a “neutral” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, January 3rd, MarketBeat.com reports.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. BidaskClub downgraded shares of Dorman Products from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. B. Riley reaffirmed 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. FBR & Co reaffirmed 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. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Dorman Products in a research report on Sunday, October 29th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $68.33.

Dorman Products (NASDAQ:DORM) traded up $0.62 during mid-day trading on Wednesday, reaching $75.26. 82,160 shares of the company’s stock traded hands, compared to its average volume of 288,153. The company has a market capitalization of $2,560.00, a price-to-earnings ratio of 22.74, a P/E/G ratio of 1.79 and a beta of 0.61. Dorman Products has a fifty-two week low of $60.93 and a fifty-two week high of $88.50.

Institutional investors and hedge funds have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its holdings in Dorman Products by 3.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 41 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Dorman Products in the 2nd quarter worth $117,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dorman Products by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 118 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Dorman Products by 10.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock worth $120,000 after buying an additional 139 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. grew its holdings in shares of Dorman Products by 1,740.0% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock worth $132,000 after buying an additional 1,740 shares in the last quarter. Hedge funds and other institutional investors own 76.31% of the company’s stock.

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Dorman Products Company 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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