Evercore Wealth Management LLC raised its position in Dorman Products Inc. (NASDAQ:DORM) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 407,384 shares of the auto parts company’s stock after acquiring an additional 1,829 shares during the quarter. Evercore Wealth Management LLC owned approximately 1.23% of Dorman Products worth $31,336,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Dorman Products by 11.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,972 shares of the auto parts company’s stock worth $536,000 after buying an additional 697 shares during the last quarter. Tdam USA Inc. lifted its position in shares of Dorman Products by 3.9% during the 3rd quarter. Tdam USA Inc. now owns 22,433 shares of the auto parts company’s stock worth $1,726,000 after buying an additional 836 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Dorman Products by 19.0% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 5,644 shares of the auto parts company’s stock worth $434,000 after buying an additional 900 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Dorman Products by 4.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 20,102 shares of the auto parts company’s stock worth $1,373,000 after buying an additional 933 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted its position in shares of Dorman Products by 0.6% during the 2nd quarter. Anchor Capital Advisors LLC now owns 192,105 shares of the auto parts company’s stock worth $13,123,000 after buying an additional 1,126 shares during the last quarter. Institutional investors own 79.97% of the company’s stock.

Several brokerages have recently weighed in on DORM. BidaskClub downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Barrington Research restated a “hold” rating on shares of Dorman Products in a research report on Monday, October 22nd. Finally, ValuEngine upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $46.50.

In other news, CEO Mathias J. Barton sold 18,986 shares of Dorman Products stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $81.34, for a total value of $1,544,321.24. Following the transaction, the chief executive officer now directly owns 111,011 shares of the company’s stock, valued at approximately $9,029,634.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mathias J. Barton sold 38,871 shares of Dorman Products stock in a transaction on Friday, November 30th. The shares were sold at an average price of $87.89, for a total transaction of $3,416,372.19. Following the completion of the transaction, the chief executive officer now directly owns 82,931 shares in the company, valued at $7,288,805.59. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Shares of NASDAQ:DORM opened at $84.91 on Thursday. The company has a market cap of $2.81 billion, a PE ratio of 25.20, a P/E/G ratio of 1.56 and a beta of 0.98. Dorman Products Inc. has a twelve month low of $56.36 and a twelve month high of $91.32.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.02. The business had revenue of $247.95 million during the quarter, compared to the consensus estimate of $234.46 million. Dorman Products had a net margin of 12.85% and a return on equity of 19.80%. As a group, research analysts expect that Dorman Products Inc. will post 4.18 earnings per share for the current fiscal year.

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Dorman Products Profile

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

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