ValuEngine lowered shares of Dorman Products (NASDAQ:DORM) from a buy rating to a hold rating in a report issued on Friday morning.

Several other research firms also recently weighed in on DORM. BidaskClub upgraded Dorman Products from a buy rating to a strong-buy rating in a research report on Tuesday, November 20th. Barrington Research reiterated a hold rating on shares of Dorman Products in a research report on Monday, October 29th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $46.50.

Shares of DORM stock traded down $4.45 on Friday, reaching $81.13. The stock had a trading volume of 172,663 shares, compared to its average volume of 142,118. The company has a market cap of $2.83 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.57 and a beta of 0.98. Dorman Products has a 1 year low of $56.36 and a 1 year high of $91.32.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, October 25th. The auto parts company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The company had revenue of $247.95 million for the quarter, compared to the consensus estimate of $234.46 million. Dorman Products had a return on equity of 19.80% and a net margin of 12.85%. Sell-side analysts expect that Dorman Products will post 4.18 earnings per share for the current year.

In other news, CEO Mathias J. Barton sold 18,986 shares of the business’s stock in a transaction dated 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 directly owns 111,011 shares in the company, valued at $9,029,634.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mathias J. Barton sold 38,871 shares of the business’s stock in a transaction dated 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 owns 82,931 shares in the company, valued at $7,288,805.59. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its position in shares of Dorman Products by 5.1% in the second quarter. Legal & General Group Plc now owns 64,197 shares of the auto parts company’s stock valued at $4,420,000 after acquiring an additional 3,103 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in shares of Dorman Products by 24.9% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 68,831 shares of the auto parts company’s stock valued at $4,702,000 after acquiring an additional 13,731 shares in the last quarter. Pinebridge Investments L.P. lifted its position in shares of Dorman Products by 7.4% in the second quarter. Pinebridge Investments L.P. now owns 25,763 shares of the auto parts company’s stock valued at $1,761,000 after acquiring an additional 1,779 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Dorman Products in the second quarter valued at about $300,000. Finally, First Hawaiian Bank purchased a new position in shares of Dorman Products in the third quarter valued at about $203,000. Institutional investors and hedge funds own 79.97% of the company’s stock.

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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