Paloma Partners Management Co boosted its position in Dorman Products Inc. (NASDAQ:DORM) by 326.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,162 shares of the auto parts company’s stock after purchasing an additional 18,502 shares during the period. Paloma Partners Management Co owned 0.07% of Dorman Products worth $1,477,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Dorman Products by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 859,092 shares of the auto parts company’s stock worth $61,528,000 after purchasing an additional 10,520 shares in the last quarter. Royce & Associates LP increased its holdings in Dorman Products by 0.9% in the 4th quarter. Royce & Associates LP now owns 645,284 shares of the auto parts company’s stock worth $39,453,000 after purchasing an additional 5,984 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in Dorman Products by 12.3% in the 4th quarter. Conestoga Capital Advisors LLC now owns 642,180 shares of the auto parts company’s stock worth $39,263,000 after purchasing an additional 70,280 shares in the last quarter. Atlanta Capital Management Co. L L C increased its holdings in Dorman Products by 15.9% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 604,970 shares of the auto parts company’s stock worth $36,988,000 after purchasing an additional 83,202 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Dorman Products by 33.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 330,617 shares of the auto parts company’s stock worth $23,679,000 after purchasing an additional 82,743 shares in the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.
In other Dorman Products news, SVP Jeffery Darby sold 1,100 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total value of $80,047.00. Following the sale, the senior vice president now owns 13,488 shares in the company, valued at approximately $981,521.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 11.70% of the company’s stock.
Shares of Dorman Products Inc. (DORM) opened at $68.86 on Friday. Dorman Products Inc. has a 52-week low of $60.93 and a 52-week high of $88.50. The company has a market capitalization of $2,305.46, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. The firm had revenue of $227.72 million for the quarter, compared to analyst estimates of $234.58 million. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue was down .6% on a year-over-year basis. equities analysts expect that Dorman Products Inc. will post 4.2 earnings per share for the current year.
A number of research firms have commented on DORM. BidaskClub lowered Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 24th. Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a research report on Monday, January 1st. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a research report on Tuesday, February 27th. Finally, CL King upgraded Dorman Products from a “neutral” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.50.
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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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