BidaskClub lowered shares of Dorman Products (NASDAQ:DORM) from a strong-buy rating to a buy rating in a research note published on Tuesday morning.

Several other equities analysts also recently commented on the company. ValuEngine raised Dorman Products from a hold rating to a buy rating in a research report on Tuesday, November 13th. Barrington Research reaffirmed a hold rating on shares of Dorman Products in a research report on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $46.50.

NASDAQ:DORM opened at $81.13 on Tuesday. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.56 and a beta of 0.98. Dorman Products has a 12-month low of $56.36 and a 12-month high of $91.32.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.02. Dorman Products had a return on equity of 19.80% and a net margin of 12.85%. The firm had revenue of $247.95 million for the quarter, compared to analyst estimates of $234.46 million. On average, equities research analysts forecast that Dorman Products will post 4.18 EPS for the current fiscal year.

In other news, CEO Mathias J. Barton sold 18,986 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $81.34, for a total value of $1,544,321.24. Following the transaction, the chief executive officer now owns 111,011 shares of the company’s stock, valued at $9,029,634.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mathias J. Barton sold 38,871 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $87.89, for a total value of $3,416,372.19. Following the completion of the transaction, the chief executive officer now directly owns 82,931 shares in the company, valued at approximately $7,288,805.59. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in Dorman Products by 3.5% during the third quarter. BlackRock Inc. now owns 4,052,392 shares of the auto parts company’s stock worth $311,708,000 after buying an additional 136,304 shares in the last quarter. Vanguard Group Inc. grew its position in Dorman Products by 1.4% during the third quarter. Vanguard Group Inc. now owns 2,732,884 shares of the auto parts company’s stock worth $210,213,000 after buying an additional 38,825 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Dorman Products by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 926,430 shares of the auto parts company’s stock worth $63,287,000 after buying an additional 20,127 shares in the last quarter. Janus Henderson Group PLC grew its position in Dorman Products by 16.1% during the second quarter. Janus Henderson Group PLC now owns 796,579 shares of the auto parts company’s stock worth $54,414,000 after buying an additional 110,326 shares in the last quarter. Finally, Royce & Associates LP grew its position in Dorman Products by 9.9% during the third quarter. Royce & Associates LP now owns 790,039 shares of the auto parts company’s stock worth $60,770,000 after buying an additional 71,103 shares in the last quarter. 79.97% of the stock is currently owned by institutional investors.

Dorman Products Company 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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