American Capital Management Inc. increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 308,560 shares of the auto parts company’s stock after buying an additional 370 shares during the period. Dorman Products makes up 1.6% of American Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. American Capital Management Inc. owned 0.90% of Dorman Products worth $25,540,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Dorman Products during the fourth quarter valued at about $14,761,000. Teachers Advisors LLC raised its stake in shares of Dorman Products by 17.9% in the fourth quarter. Teachers Advisors LLC now owns 51,011 shares of the auto parts company’s stock valued at $3,727,000 after buying an additional 7,742 shares in the last quarter. WCM Investment Management CA raised its stake in shares of Dorman Products by 9.1% in the first quarter. WCM Investment Management CA now owns 10,482 shares of the auto parts company’s stock valued at $861,000 after buying an additional 870 shares in the last quarter. First National Bank of Omaha raised its position in shares of Dorman Products by 13.8% in the first quarter. First National Bank of Omaha now owns 19,998 shares of the auto parts company’s stock worth $1,642,000 after buying an additional 2,425 shares during the period. Finally, Atria Investments LLC raised its position in shares of Dorman Products by 21.6% in the first quarter. Atria Investments LLC now owns 5,838 shares of the auto parts company’s stock worth $479,000 after buying an additional 1,037 shares during the period. Institutional investors and hedge funds own 75.86% of the company’s stock.
Shares of Dorman Products, Inc. (NASDAQ:DORM) traded down 1.31% during mid-day trading on Friday, reaching $64.97. The company’s stock had a trading volume of 338,713 shares. The firm’s 50 day moving average price is $75.44 and its 200-day moving average price is $78.45. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 19.75 and a beta of 0.61. Dorman Products, Inc. has a 1-year low of $60.00 and a 1-year high of $88.50.
Dorman Products (NASDAQ:DORM) last posted its earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Dorman Products had a return on equity of 18.64% and a net margin of 12.66%. The firm had revenue of $229.26 million during the quarter, compared to the consensus estimate of $225.91 million. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts predict that Dorman Products, Inc. will post $3.45 EPS for the current year.
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A number of equities analysts recently issued reports on DORM shares. Zacks Investment Research lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. BidaskClub cut Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Jefferies Group LLC restated a “hold” rating and set a $85.00 target price (up from $78.00) on shares of Dorman Products in a research report on Wednesday, May 3rd. Finally, FBR & Co reiterated a “mkt perform” rating and issued a $74.50 price objective on shares of Dorman Products in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $81.25.
In other news, Director Paul R. Lederer sold 1,800 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $74.82, for a total value of $134,676.00. Following the sale, the director now owns 16,961 shares of the company’s stock, valued at approximately $1,269,022.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.70% of the stock is currently owned by corporate insiders.
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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