Arizona State Retirement System Reduces Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Arizona State Retirement System cut its stake in Dorman Products, Inc. (NASDAQ:DORM) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,482 shares of the auto parts company’s stock after selling 134 shares during the period. Arizona State Retirement System’s holdings in Dorman Products were worth $624,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brinker Capital Investments LLC increased its stake in shares of Dorman Products by 0.7% during the 1st quarter. Brinker Capital Investments LLC now owns 16,762 shares of the auto parts company’s stock worth $1,593,000 after purchasing an additional 120 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Dorman Products by 6.2% during the 2nd quarter. Captrust Financial Advisors now owns 2,084 shares of the auto parts company’s stock worth $229,000 after purchasing an additional 122 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Dorman Products by 6.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,176 shares of the auto parts company’s stock worth $172,000 after purchasing an additional 125 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Dorman Products by 4.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,598 shares of the auto parts company’s stock worth $310,000 after purchasing an additional 155 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Dorman Products by 19.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,028 shares of the auto parts company’s stock worth $81,000 after purchasing an additional 167 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DORM has been the subject of a number of recent research reports. Roth Mkm reissued a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a research note on Monday, March 25th. TheStreet raised shares of Dorman Products from a “c+” rating to a “b” rating in a research note on Wednesday, March 20th. StockNews.com raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Dorman Products in a research note on Tuesday, February 27th.

Dorman Products Stock Down 0.1 %

DORM stock opened at $87.91 on Friday. The stock has a market capitalization of $2.73 billion, a P/E ratio of 21.44 and a beta of 0.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 2.25. Dorman Products, Inc. has a one year low of $60.01 and a one year high of $98.55. The company has a 50 day moving average price of $90.39 and a two-hundred day moving average price of $81.71.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.16. The company had revenue of $494.30 million for the quarter, compared to analyst estimates of $494.86 million. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. Dorman Products’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $1.01 EPS. As a group, sell-side analysts expect that Dorman Products, Inc. will post 5.55 EPS for the current year.

Dorman Products Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.