Dorman Products (NASDAQ:DORM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Dorman Products, Inc. is a leading supplier of Dealer Exclusive replacement parts to the Automotive, Medium and Heavy Duty Aftermarkets. Dorman products are marketed under the Dorman, OE Solutions, HELP!, AutoGrade, First Stop, Conduct-Tite, TECHoice, Dorman Hybrid Drive Batteries and Dorman HD Solutions brand names. “

DORM has been the topic of several other research reports. BidaskClub upgraded Dorman Products from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. ValuEngine raised Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, December 13th. CL King downgraded shares of Dorman Products from a “buy” rating to a “neutral” rating in a research report on Monday, January 14th. Finally, Barrington Research reiterated a “hold” rating on shares of Dorman Products in a research note on Tuesday, February 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.50.

Shares of DORM stock traded down $0.70 during trading hours on Tuesday, hitting $91.82. 114,484 shares of the company’s stock traded hands, compared to its average volume of 234,947. The company has a market capitalization of $3.02 billion, a P/E ratio of 21.86, a PEG ratio of 1.58 and a beta of 0.54. Dorman Products has a 12 month low of $56.36 and a 12 month high of $97.38.

Dorman Products (NASDAQ:DORM) last issued 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. The company had revenue of $260.34 million for the quarter, compared to analysts’ expectations of $249.09 million. Dorman Products had a net margin of 13.72% and a return on equity of 20.20%. Dorman Products’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. As a group, sell-side analysts expect that Dorman Products will post 4.45 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Captrust Financial Advisors lifted its stake in Dorman Products by 90.7% during the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 196 shares in the last quarter. Private Capital Group LLC grew its stake in shares of Dorman Products by 62.9% in the 4th quarter. Private Capital Group LLC now owns 593 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 229 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Dorman Products in the fourth quarter valued at about $96,000. Strs Ohio purchased a new stake in shares of Dorman Products in the fourth quarter valued at about $126,000. Finally, LS Investment Advisors LLC lifted its position in shares of Dorman Products by 98.7% during the fourth quarter. LS Investment Advisors LLC now owns 1,820 shares of the auto parts company’s stock valued at $164,000 after purchasing an additional 904 shares in the last quarter. Institutional investors and hedge funds own 81.05% 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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