Paloma Partners Management Co grew its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 326.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 approximately 0.07% of Dorman Products worth $1,477,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Dorman Products by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 859,092 shares of the auto parts company’s stock valued at $61,528,000 after purchasing an additional 10,520 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Dorman Products by 0.9% during the fourth quarter. Royce & Associates LP now owns 645,284 shares of the auto parts company’s stock valued at $39,453,000 after acquiring an additional 5,984 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of Dorman Products by 12.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 642,180 shares of the auto parts company’s stock valued at $39,263,000 after acquiring an additional 70,280 shares during the period. Atlanta Capital Management Co. L L C boosted its holdings in shares of Dorman Products by 15.9% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 604,970 shares of the auto parts company’s stock valued at $36,988,000 after acquiring an additional 83,202 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Dorman Products by 33.4% during the third quarter. Ameriprise Financial Inc. now owns 330,617 shares of the auto parts company’s stock valued at $23,679,000 after acquiring an additional 82,743 shares during the period. Institutional investors own 75.22% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Barrington Research reissued a “hold” rating on shares of Dorman Products in a report on Tuesday, February 27th. BidaskClub downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 24th. Zacks Investment Research upgraded Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Thursday, March 1st. Finally, CL King upgraded Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $70.50.
In other news, SVP Jeffery Darby sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total transaction of $80,047.00. Following the sale, the senior vice president now owns 13,488 shares of the company’s stock, valued at $981,521.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.70% of the stock is currently owned by company insiders.
Dorman Products Inc. (NASDAQ:DORM) opened at $65.44 on Friday. The stock has a market capitalization of $2,303.44, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.91. Dorman Products Inc. has a 12 month low of $60.93 and a 12 month high of $88.50.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.01. The business had revenue of $227.72 million for the quarter, compared to analysts’ expectations of $234.58 million. Dorman Products had a return on equity of 18.14% and a net margin of 11.80%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. equities research analysts expect that Dorman Products Inc. will post 4.2 EPS for the current fiscal year.
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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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