Nationwide Fund Advisors raised its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,673 shares of the auto parts company’s stock after acquiring an additional 6,021 shares during the period. Nationwide Fund Advisors owned about 0.45% of Dorman Products worth $10,934,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DORM. YorkBridge Wealth Partners LLC boosted its stake in shares of Dorman Products by 3.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 41 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Dorman Products during the second quarter valued at about $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dorman Products by 8.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 118 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Dorman Products by 10.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 139 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in shares of Dorman Products by 1,740.0% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after purchasing an additional 1,740 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products, Inc. (DORM) opened at $67.45 on Tuesday. The company has a market capitalization of $2,262.77, a P/E ratio of 20.27, a P/E/G ratio of 1.83 and a beta of 0.60. Dorman Products, Inc. has a 12 month low of $62.64 and a 12 month high of $88.50.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Friday, October 27th. The auto parts company reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.07). The company had revenue of $224.60 million during the quarter, compared to analyst estimates of $233.56 million. Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. Dorman Products’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. equities research analysts predict that Dorman Products, Inc. will post 3.34 EPS for the current fiscal year.

A number of brokerages have recently commented on DORM. BidaskClub raised Dorman Products from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. FBR & Co reissued a “neutral” rating and set a $65.00 price target (down from $75.00) on shares of Dorman Products in a research note on Monday, October 30th. B. Riley reissued a “neutral” rating and set a $65.00 price target (down from $75.00) on shares of Dorman Products in a research note on Wednesday, November 1st. Jefferies Group reissued a “hold” rating and set a $75.00 price target on shares of Dorman Products in a research note on Sunday, October 29th. Finally, Zacks Investment Research lowered Dorman Products from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.33.

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Dorman Products Profile

Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.

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

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