Dorman Products, Inc. (NASDAQ:DORM) Stake Raised by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,186 shares of the auto parts company’s stock after buying an additional 724 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Dorman Products worth $1,767,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Headinvest LLC bought a new stake in shares of Dorman Products during the third quarter valued at about $30,000. Quantbot Technologies LP lifted its stake in shares of Dorman Products by 17.5% in the 3rd quarter. Quantbot Technologies LP now owns 1,375 shares of the auto parts company’s stock worth $104,000 after acquiring an additional 205 shares during the period. Cerity Partners LLC bought a new position in shares of Dorman Products in the fourth quarter valued at approximately $230,000. Glenmede Trust Co. NA increased its stake in shares of Dorman Products by 26.5% during the third quarter. Glenmede Trust Co. NA now owns 3,331 shares of the auto parts company’s stock valued at $252,000 after acquiring an additional 697 shares during the period. Finally, Jump Financial LLC bought a new stake in Dorman Products during the third quarter worth approximately $254,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on DORM shares. Barrington Research reissued an “outperform” rating and issued a $90.00 price objective on shares of Dorman Products in a research note on Tuesday, February 27th. StockNews.com upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Roth Mkm reiterated a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a report on Monday, March 25th. Finally, TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th.

Dorman Products Trading Down 0.2 %

Shares of DORM opened at $91.23 on Thursday. The business’s 50-day moving average price is $91.90 and its 200 day moving average price is $83.06. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $2.83 billion, a P/E ratio of 22.25 and a beta of 0.83. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $98.55.

Dorman Products (NASDAQ:DORM) last released its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.49. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The business had revenue of $468.70 million for the quarter, compared to the consensus estimate of $472.35 million. During the same period last year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Analysts expect that Dorman Products, Inc. will post 5.55 earnings per share for the current year.

About Dorman Products

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.