State of Tennessee Treasury Department lessened its stake in Dorman Products, Inc. (NASDAQ:DORM) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,639 shares of the auto parts company’s stock after selling 1,684 shares during the quarter. State of Tennessee Treasury Department owned about 0.08% of Dorman Products worth $1,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Dorman Products by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 549,328 shares of the auto parts company’s stock valued at $45,468,000 after purchasing an additional 6,474 shares during the last quarter. OxFORD Asset Management LLP boosted its holdings in shares of Dorman Products by 31.4% in the 2nd quarter. OxFORD Asset Management LLP now owns 31,012 shares of the auto parts company’s stock valued at $2,567,000 after purchasing an additional 7,409 shares during the last quarter. Strs Ohio boosted its holdings in shares of Dorman Products by 533.3% in the 2nd quarter. Strs Ohio now owns 5,700 shares of the auto parts company’s stock valued at $471,000 after purchasing an additional 4,800 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Dorman Products by 8.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 43,622 shares of the auto parts company’s stock valued at $3,610,000 after purchasing an additional 3,218 shares during the last quarter. Finally, Paradice Investment Management LLC boosted its holdings in shares of Dorman Products by 21.8% in the 2nd quarter. Paradice Investment Management LLC now owns 105,642 shares of the auto parts company’s stock valued at $8,744,000 after purchasing an additional 18,900 shares during the last quarter. Institutional investors own 75.56% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. FBR & Co restated a “neutral” rating and set a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a report on Monday, October 30th. B. Riley restated a “neutral” rating and set a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $75.00 target price on shares of Dorman Products in a report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Dorman Products currently has a consensus rating of “Hold” and an average target price of $68.33.

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Dorman Products, Inc. (DORM) opened at $67.77 on Monday. Dorman Products, Inc. has a 1-year low of $62.64 and a 1-year high of $88.50. The company has a market cap of $2,285.37, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.85 and a beta of 0.60.

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

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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