Zacks Investment Research upgraded shares of Dorman Products (NASDAQ:DORM) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

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 subject of several other research reports. Barrington Research reissued a hold rating on shares of Dorman Products in a research report on Tuesday, February 26th. ValuEngine lowered shares of Dorman Products from a buy rating to a hold rating in a research report on Friday, December 7th. BidaskClub raised shares of Dorman Products from a buy rating to a strong-buy rating in a research report on Tuesday, November 20th. Finally, CL King lowered shares of Dorman Products from a buy rating to a neutral rating in a research report on Monday, January 14th. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and a consensus target price of $56.50.

NASDAQ DORM opened at $82.65 on Tuesday. Dorman Products has a twelve month low of $56.36 and a twelve month high of $97.38. The stock has a market capitalization of $2.70 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.41 and a beta of 0.53.

Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, February 25th. The auto parts company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dorman Products had a net margin of 13.72% and a return on equity of 20.20%. The business had revenue of $260.34 million during the quarter, compared to analysts’ expectations of $249.09 million. During the same quarter last year, the company earned $0.87 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. On average, research analysts forecast that Dorman Products will post 4.45 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors Inc. raised its position in Dorman Products by 2.9% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,882 shares of the auto parts company’s stock worth $620,000 after purchasing an additional 195 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Dorman Products by 90.7% during the fourth quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock worth $37,000 after buying an additional 196 shares in the last quarter. Stone Ridge Asset Management LLC increased its holdings in shares of Dorman Products by 2.6% during the fourth quarter. Stone Ridge Asset Management LLC now owns 8,289 shares of the auto parts company’s stock worth $746,000 after buying an additional 207 shares in the last quarter. Private Capital Group LLC increased its holdings in shares of Dorman Products by 62.9% during the fourth quarter. Private Capital Group LLC now owns 593 shares of the auto parts company’s stock worth $53,000 after buying an additional 229 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dorman Products by 14.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,189 shares of the auto parts company’s stock worth $197,000 after buying an additional 276 shares in the last quarter. 80.44% of the stock is owned by hedge funds and other institutional investors.

About Dorman Products

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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