Norges Bank Buys New Holdings in Dorman Products Inc. (DORM)

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Norges Bank bought a new position in shares of Dorman Products Inc. (NASDAQ:DORM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 205,124 shares of the auto parts company’s stock, valued at approximately $18,465,000.

A number of other large investors have also recently made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in shares of Dorman Products by 90.7% in the fourth quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock valued at $37,000 after buying an additional 196 shares in the last quarter. Private Capital Group LLC increased its holdings in shares of Dorman Products by 62.9% in the fourth quarter. Private Capital Group LLC now owns 593 shares of the auto parts company’s stock valued at $53,000 after buying an additional 229 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Dorman Products in the fourth quarter valued at $96,000. Strs Ohio bought a new position in shares of Dorman Products in the fourth quarter valued at $126,000. Finally, LS Investment Advisors LLC increased its holdings in shares of Dorman Products by 98.7% in the fourth quarter. LS Investment Advisors LLC now owns 1,820 shares of the auto parts company’s stock valued at $164,000 after buying an additional 904 shares in the last quarter. 80.18% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ DORM opened at $95.03 on Thursday. Dorman Products Inc. has a twelve month low of $56.36 and a twelve month high of $97.38. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.62 and a beta of 0.55.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, February 25th. The auto parts company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. Dorman Products had a net margin of 13.72% and a return on equity of 20.20%. The firm had revenue of $260.34 million for the quarter, compared to analysts’ expectations of $249.09 million. During the same period in the previous year, the company posted $0.87 EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts anticipate that Dorman Products Inc. will post 4.45 earnings per share for the current year.

Several research firms have issued reports on DORM. BidaskClub cut Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised Dorman Products from a “sell” rating to a “hold” rating in a report on Monday. Finally, ValuEngine raised Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.50.

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

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