Dupont Capital Management Corp lifted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 287.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,652 shares of the auto parts company’s stock after acquiring an additional 12,353 shares during the quarter. Dupont Capital Management Corp’s holdings in Dorman Products were worth $1,103,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. GW&K Investment Management LLC increased its position in Dorman Products by 0.4% in the fourth quarter. GW&K Investment Management LLC now owns 313,826 shares of the auto parts company’s stock worth $19,187,000 after buying an additional 1,365 shares during the last quarter. Virtu Financial LLC purchased a new stake in Dorman Products in the fourth quarter worth $225,000. Comerica Bank increased its position in Dorman Products by 10.2% in the fourth quarter. Comerica Bank now owns 42,773 shares of the auto parts company’s stock worth $3,197,000 after buying an additional 3,974 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Dorman Products in the fourth quarter worth $654,000. Finally, Two Sigma Investments LP purchased a new stake in Dorman Products in the fourth quarter worth $678,000. 76.45% of the stock is owned by institutional investors.
A number of research firms have issued reports on DORM. BidaskClub downgraded Dorman Products from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. ValuEngine downgraded Dorman Products from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. Zacks Investment Research downgraded Dorman Products from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Finally, Barrington Research reissued a “hold” rating on shares of Dorman Products in a research report on Tuesday, May 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. Dorman Products has a consensus rating of “Hold” and a consensus price target of $70.50.
In related news, Director John J. Gavin purchased 1,536 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was purchased at an average cost of $65.23 per share, with a total value of $100,193.28. Following the completion of the acquisition, the director now directly owns 3,395 shares of the company’s stock, valued at $221,455.85. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery Darby sold 1,100 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $72.77, for a total value of $80,047.00. Following the completion of the transaction, the senior vice president now directly owns 13,488 shares of the company’s stock, valued at $981,521.76. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.
Dorman Products stock opened at $65.80 on Friday. Dorman Products, Inc. has a one year low of $65.33 and a one year high of $65.83. The firm has a market capitalization of $2.19 billion, a PE ratio of 18.95, a P/E/G ratio of 1.12 and a beta of 0.92.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, May 1st. The auto parts company reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.07). Dorman Products had a return on equity of 18.27% and a net margin of 11.89%. The company had revenue of $227.30 million during the quarter, compared to the consensus estimate of $233.97 million. During the same period in the previous year, the business earned $0.83 earnings per share. Dorman Products’s revenue was up 2.6% on a year-over-year basis. research analysts anticipate that Dorman Products, Inc. will post 4.17 EPS for the current fiscal year.
Dorman Products Profile
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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