HPM Partners LLC boosted its position in Dorman Products Inc. (NASDAQ:DORM) by 16.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,730 shares of the auto parts company’s stock after purchasing an additional 1,112 shares during the period. HPM Partners LLC’s holdings in Dorman Products were worth $473,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Nationwide Fund Advisors raised its position in shares of Dorman Products by 4.1% in the third quarter. Nationwide Fund Advisors now owns 152,673 shares of the auto parts company’s stock valued at $10,934,000 after buying an additional 6,021 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Dorman Products in the third quarter worth $584,000. State of Wisconsin Investment Board grew its stake in shares of Dorman Products by 33.3% in the third quarter. State of Wisconsin Investment Board now owns 123,000 shares of the auto parts company’s stock worth $8,809,000 after purchasing an additional 30,700 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Dorman Products by 14.1% in the third quarter. Alps Advisors Inc. now owns 6,862 shares of the auto parts company’s stock worth $491,000 after purchasing an additional 848 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Dorman Products by 60.8% in the third quarter. BNP Paribas Arbitrage SA now owns 15,792 shares of the auto parts company’s stock valued at $1,131,000 after buying an additional 5,974 shares during the period. Hedge funds and other institutional investors own 75.22% of the company’s stock.
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 shares were sold at an average price of $72.77, for a total value of $80,047.00. Following the completion of the sale, the senior vice president now directly owns 13,488 shares of the company’s stock, valued at approximately $981,521.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.70% of the company’s stock.
Dorman Products stock traded down $2.05 during trading hours on Thursday, hitting $66.57. 194,483 shares of the stock traded hands, compared to its average volume of 245,106. The company has a market capitalization of $2,305.46, a P/E ratio of 21.21, a PEG ratio of 1.49 and a beta of 0.91. Dorman Products Inc. has a one year low of $60.93 and a one year high of $88.50.
Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, February 26th. The auto parts company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.86 by $0.01. The company had revenue of $227.72 million during the quarter, compared to the consensus estimate of $234.58 million. Dorman Products had a net margin of 11.80% and a return on equity of 18.14%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. equities research analysts expect that Dorman Products Inc. will post 4.2 EPS for the current year.
DORM has been the topic of several recent analyst reports. 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. BidaskClub lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 24th. Finally, Barrington Research reiterated a “hold” rating on shares of Dorman Products in a report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Dorman Products has a consensus rating of “Hold” and a consensus target price of $70.50.
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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