Reinhart Partners Inc. bought a new position in shares of Dorman Products Inc. (NASDAQ:DORM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,370 shares of the auto parts company’s stock, valued at approximately $1,307,000. Reinhart Partners Inc. owned about 0.06% of Dorman Products as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in DORM. YorkBridge Wealth Partners LLC increased its holdings in shares of Dorman Products by 3.0% in the second 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 bought a new stake in shares of Dorman Products in the second quarter worth about $117,000. Winslow Evans & Crocker Inc. increased its holdings in shares of Dorman Products by 1,740.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock worth $132,000 after acquiring an additional 1,740 shares in the last quarter. Zions Bancorporation bought a new stake in shares of Dorman Products in the third quarter worth about $193,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Dorman Products by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,405 shares of the auto parts company’s stock worth $199,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 72.37% of the company’s stock.
Shares of Dorman Products Inc. (NASDAQ DORM) traded up $1.74 during midday trading on Wednesday, reaching $74.80. The company had a trading volume of 315,278 shares, compared to its average volume of 240,944. 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 $2,406.43, a PE ratio of 22.07, a PEG ratio of 1.71 and a beta of 0.85.
Several brokerages have issued reports on DORM. FBR & Co restated a “neutral” rating and issued a $65.00 price target (down from $75.00) on shares of Dorman Products in a report on Monday, October 30th. 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 report on Wednesday, November 1st. BidaskClub raised Dorman Products from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. CL King raised Dorman Products from a “neutral” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group reaffirmed a “hold” rating and set 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 assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.33.
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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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