Rice Hall James & Associates LLC cut its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 20.0% during the second quarter, Holdings Channel reports. The institutional investor owned 217,079 shares of the auto parts company’s stock after selling 54,434 shares during the period. Rice Hall James & Associates LLC’s holdings in Dorman Products were worth $17,968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FTB Advisors Inc. raised its position in shares of Dorman Products by 7.7% in the first quarter. FTB Advisors Inc. now owns 1,260 shares of the auto parts company’s stock worth $104,000 after buying an additional 90 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Dorman Products by 7.8% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,349 shares of the auto parts company’s stock worth $116,000 after buying an additional 98 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Dorman Products by 10.3% in the first quarter. Victory Capital Management Inc. now owns 1,930 shares of the auto parts company’s stock worth $159,000 after buying an additional 180 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Dorman Products by 91.8% in the first quarter. LS Investment Advisors LLC now owns 2,235 shares of the auto parts company’s stock worth $184,000 after buying an additional 1,070 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Dorman Products during the first quarter worth $188,000. 76.59% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products, Inc. (NASDAQ DORM) opened at 74.17 on Friday. The stock has a 50 day moving average price of $77.39 and a 200-day moving average price of $78.45. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 22.54 and a beta of 0.61. Dorman Products, Inc. has a one year low of $60.00 and a one year high of $88.50.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Dorman Products had a net margin of 12.66% and a return on equity of 18.64%. The firm 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 firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that Dorman Products, Inc. will post $3.45 earnings per share for the current fiscal year.

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A number of research analysts have recently weighed in on DORM shares. Zacks Investment Research raised Dorman Products from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Thursday, May 4th. 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 price objective (up from $78.00) on shares of Dorman Products in a report on Wednesday, May 3rd. FBR & Co reissued a “mkt perform” rating and issued a $74.50 price objective on shares of Dorman Products in a report on Tuesday, July 18th. Finally, B. Riley reissued a “neutral” rating and issued a $74.50 price objective on shares of Dorman Products in a report on Saturday, May 13th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.25.

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

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