California State Teachers Retirement System cut its holdings in shares of Dorman Products Inc. (NASDAQ:DORM) by 9.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,885 shares of the auto parts company’s stock after selling 4,690 shares during the period. California State Teachers Retirement System’s holdings in Dorman Products were worth $3,143,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Pinebridge Investments L.P. lifted its holdings in Dorman Products by 0.3% during the second quarter. Pinebridge Investments L.P. now owns 3,976 shares of the auto parts company’s stock worth $329,000 after acquiring an additional 11 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in 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 worth $115,000 after acquiring an additional 41 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Dorman Products by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,405 shares of the auto parts company’s stock worth $199,000 after acquiring an additional 115 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in 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 worth $119,000 after acquiring an additional 118 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Dorman Products by 7.6% during the second quarter. Amalgamated Bank now owns 3,814 shares of the auto parts company’s stock worth $316,000 after acquiring an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 76.23% of the company’s stock.

Several research analysts have weighed in on DORM shares. CL King upgraded Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. FBR & Co reiterated a “neutral” rating and set a $65.00 target price (down from $75.00) on shares of Dorman Products in a report on Monday, October 30th. BidaskClub upgraded Dorman Products from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. B. Riley reiterated a “neutral” rating and set a $65.00 target price (down from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a report on Monday, January 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company. Dorman Products currently has a consensus rating of “Hold” and a consensus target price of $68.33.

Shares of Dorman Products Inc. (DORM) opened at $69.67 on Thursday. Dorman Products Inc. has a 12 month low of $60.93 and a 12 month high of $88.50. The stock has a market capitalization of $2,330.00, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.71 and a beta of 0.61.

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

WARNING: “Dorman Products Inc. (DORM) Holdings Trimmed by California State Teachers Retirement System” was posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/dorman-products-inc-dorm-holdings-trimmed-by-california-state-teachers-retirement-system/1802327.html.

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.

Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products Inc. (NASDAQ:DORM).

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

Receive News & Ratings for Dorman Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products and related companies with MarketBeat.com's FREE daily email newsletter.