Dorman Products Inc. (DORM) Position Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in Dorman Products Inc. (NASDAQ:DORM) by 10.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,720 shares of the auto parts company’s stock after buying an additional 3,795 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of Dorman Products worth $2,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DORM. Pinebridge Investments L.P. grew its position in shares of Dorman Products by 0.3% in the second quarter. Pinebridge Investments L.P. now owns 3,976 shares of the auto parts company’s stock valued at $329,000 after purchasing an additional 11 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in shares of Dorman Products by 3.0% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 41 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Dorman Products by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,405 shares of the auto parts company’s stock valued at $199,000 after purchasing an additional 115 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dorman Products by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 118 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of Dorman Products by 10.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 76.23% of the company’s stock.

Dorman Products Inc. (NASDAQ:DORM) opened at $71.74 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 $2,420.00, a PE ratio of 21.67, a P/E/G ratio of 1.70 and a beta of 0.61.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Friday, October 27th. The auto parts company reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.07). Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The business had revenue of $224.60 million for the quarter, compared to analysts’ expectations of $233.56 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Dorman Products’s quarterly revenue was up 5.5% compared to the same quarter last year. analysts forecast that Dorman Products Inc. will post 3.34 EPS for the current fiscal year.

Several brokerages have recently weighed in on DORM. Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub upgraded Dorman Products from a “sell” rating to a “hold” rating in a research report on Saturday. Jefferies Group reiterated a “hold” rating and issued a $75.00 price target on shares of Dorman Products in a research report on Sunday, October 29th. B. Riley reiterated a “neutral” rating and issued a $65.00 price target (down from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Finally, FBR & Co reiterated a “neutral” rating and issued a $65.00 price target (down from $75.00) on shares of Dorman Products in a research report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.33.

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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.

Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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