Dorman Products, Inc. (DORM) Shares Bought by Sei Investments Co.
Sei Investments Co. increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 35.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,769 shares of the auto parts company’s stock after buying an additional 3,880 shares during the period. Sei Investments Co.’s holdings in Dorman Products were worth $1,222,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in Dorman Products by 8.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 152,936 shares of the auto parts company’s stock worth $12,561,000 after buying an additional 11,605 shares during the last quarter. Motley Fool Asset Management LLC acquired a new stake in Dorman Products during the first quarter worth approximately $2,952,000. Tributary Capital Management LLC raised its stake in Dorman Products by 11.1% in the first quarter. Tributary Capital Management LLC now owns 218,115 shares of the auto parts company’s stock worth $17,914,000 after buying an additional 21,722 shares during the last quarter. Gotham Asset Management LLC raised its stake in Dorman Products by 338.1% in the first quarter. Gotham Asset Management LLC now owns 16,860 shares of the auto parts company’s stock worth $1,385,000 after buying an additional 13,012 shares during the last quarter. Finally, Strs Ohio raised its stake in Dorman Products by 533.3% in the second quarter. Strs Ohio now owns 5,700 shares of the auto parts company’s stock worth $471,000 after buying an additional 4,800 shares during the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.
Shares of Dorman Products, Inc. (NASDAQ:DORM) opened at 66.22 on Thursday. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 20.13 and a beta of 0.61. The company has a 50 day moving average price of $73.54 and a 200 day moving average price of $78.31. Dorman Products, Inc. has a one year low of $60.00 and a one year high of $88.50.
Dorman Products (NASDAQ:DORM) last announced its earnings results on Tuesday, August 1st. The auto parts company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by $0.01. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The business had revenue of $229.26 million during the quarter, compared to analysts’ expectations of $225.91 million. During the same period in the previous year, the company posted $0.75 earnings per share. Dorman Products’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts predict that Dorman Products, Inc. will post $3.45 EPS for the current year.
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A number of research firms have commented on DORM. Zacks Investment Research lowered Dorman Products from a “hold” rating to a “sell” rating in a report on Monday, July 10th. FBR & Co reissued a “mkt perform” rating and issued a $74.50 target price on shares of Dorman Products in a report on Tuesday, July 18th. BidaskClub raised Dorman Products from a “sell” rating to a “hold” rating in a report on Saturday, June 24th. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 target price (up previously from $78.00) on shares of Dorman Products in a report on Wednesday, May 3rd. Finally, B. Riley reissued a “neutral” rating and issued a $74.50 target price on shares of Dorman Products in a report on Monday, May 8th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Dorman Products presently has a consensus rating of “Hold” and an average target price of $81.25.
In other news, Director Paul R. Lederer sold 1,800 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $74.82, for a total value of $134,676.00. Following the completion of the sale, the director now directly owns 16,961 shares of the company’s stock, valued at $1,269,022.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.70% of the stock is currently owned by corporate insiders.
Dorman Products Company 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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