Epoch Investment Partners Inc. increased its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 29.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 605,614 shares of the auto parts company’s stock after purchasing an additional 136,218 shares during the period. Epoch Investment Partners Inc. owned 1.82% of Dorman Products worth $41,369,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. OppenheimerFunds Inc. increased its holdings in Dorman Products by 2,958.9% in the 1st quarter. OppenheimerFunds Inc. now owns 326,602 shares of the auto parts company’s stock valued at $21,624,000 after acquiring an additional 315,925 shares during the last quarter. BlackRock Inc. increased its holdings in Dorman Products by 7.9% in the 2nd quarter. BlackRock Inc. now owns 3,916,088 shares of the auto parts company’s stock valued at $267,506,000 after acquiring an additional 288,155 shares during the last quarter. Paradice Investment Management LLC increased its holdings in Dorman Products by 90.4% in the 2nd quarter. Paradice Investment Management LLC now owns 404,917 shares of the auto parts company’s stock valued at $27,660,000 after acquiring an additional 192,266 shares during the last quarter. Anchor Capital Advisors LLC bought a new stake in Dorman Products in the 1st quarter valued at $12,645,000. Finally, Janus Henderson Group PLC increased its holdings in Dorman Products by 16.1% in the 2nd quarter. Janus Henderson Group PLC now owns 796,579 shares of the auto parts company’s stock valued at $54,414,000 after acquiring an additional 110,326 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.
In other Dorman Products news, Director Paul R. Lederer sold 3,925 shares of Dorman Products stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $76.60, for a total value of $300,655.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffery Darby sold 1,367 shares of Dorman Products stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $76.13, for a total transaction of $104,069.71. Following the completion of the transaction, the senior vice president now directly owns 12,639 shares of the company’s stock, valued at $962,207.07. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.
A number of brokerages have issued reports on DORM. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Friday, June 8th. Zacks Investment Research downgraded shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th. ValuEngine upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, Barrington Research reiterated a “hold” rating on shares of Dorman Products in a report on Thursday, July 12th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.50.
Shares of NASDAQ:DORM opened at $81.72 on Friday. Dorman Products Inc. has a 52 week low of $56.36 and a 52 week high of $82.40. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Dorman Products had a net margin of 12.42% and a return on equity of 19.13%. The business had revenue of $238.15 million during the quarter, compared to analysts’ expectations of $244.87 million. During the same period last year, the company posted $0.84 EPS. The business’s revenue was up 3.9% on a year-over-year basis. sell-side analysts anticipate that Dorman Products Inc. will post 4.19 earnings per share 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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