Millennium Management LLC lessened its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 38.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,969 shares of the auto parts company’s stock after selling 7,432 shares during the quarter. Millennium Management LLC’s holdings in Dorman Products were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Piedmont Investment Advisors Inc. lifted its position in shares of Dorman Products by 2.9% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 6,882 shares of the auto parts company’s stock worth $620,000 after buying an additional 195 shares during the period. Captrust Financial Advisors raised its position in Dorman Products by 90.7% in the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 196 shares during the last quarter. Stone Ridge Asset Management LLC raised its position in Dorman Products by 2.6% in the 4th quarter. Stone Ridge Asset Management LLC now owns 8,289 shares of the auto parts company’s stock valued at $746,000 after purchasing an additional 207 shares during the last quarter. Private Capital Group LLC raised its position in Dorman Products by 62.9% in the 4th quarter. Private Capital Group LLC now owns 593 shares of the auto parts company’s stock valued at $53,000 after purchasing an additional 229 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dorman Products by 14.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,189 shares of the auto parts company’s stock valued at $197,000 after purchasing an additional 276 shares during the last quarter. 79.93% of the stock is currently owned by institutional investors.
Shares of DORM stock traded down $1.05 on Wednesday, reaching $81.86. 136,091 shares of the stock were exchanged, compared to its average volume of 214,385. The company has a market cap of $2.74 billion, a P/E ratio of 19.49, a PEG ratio of 1.44 and a beta of 0.53. Dorman Products Inc. has a one year low of $64.06 and a one year high of $97.38.
Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, April 29th. The auto parts company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.17). Dorman Products had a return on equity of 18.77% and a net margin of 12.76%. The firm had revenue of $243.80 million for the quarter, compared to the consensus estimate of $248.09 million. During the same quarter in the previous year, the firm earned $0.96 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Dorman Products Inc. will post 4.43 EPS for the current year.
Several equities analysts have issued reports on DORM shares. BidaskClub upgraded Dorman Products from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. ValuEngine upgraded Dorman Products from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Finally, Barrington Research restated a “hold” rating on shares of Dorman Products in a research report on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $56.50.
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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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