BidaskClub downgraded shares of Dorman Products (NASDAQ:DORM) from a buy rating to a hold rating in a report published on Thursday, September 20th.

Several other research firms also recently issued reports on DORM. ValuEngine downgraded Dorman Products from a hold rating to a sell rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded Dorman Products from a sell rating to a hold rating in a report on Tuesday, June 12th. Finally, Barrington Research reiterated a hold rating on shares of Dorman Products in a report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the stock. Dorman Products currently has an average rating of Hold and an average price target of $59.60.

Shares of NASDAQ:DORM traded up $0.76 during trading on Thursday, reaching $67.42. The stock had a trading volume of 171,482 shares, compared to its average volume of 167,672. Dorman Products has a 1-year low of $56.36 and a 1-year high of $83.42. The firm has a market capitalization of $2.55 billion, a PE ratio of 20.01, a P/E/G ratio of 1.31 and a beta of 1.07.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. Dorman Products had a return on equity of 19.13% and a net margin of 12.42%. The firm had revenue of $238.15 million for the quarter, compared to the consensus estimate of $244.87 million. During the same quarter last year, the business posted $0.84 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that Dorman Products will post 4.19 earnings per share for the current year.

In other news, SVP Jeffery Darby sold 1,367 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $76.13, for a total transaction of $104,069.71. Following the completion of the transaction, the senior vice president now directly owns 12,639 shares of the company’s stock, valued at approximately $962,207.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mathias J. Barton sold 18,986 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was 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 $9,029,634.74. The disclosure for this sale can be found here. Insiders have sold a total of 24,278 shares of company stock valued at $1,949,046 over the last three months. 11.90% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc lifted its holdings in shares of Dorman Products by 1,500.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the auto parts company’s stock valued at $112,000 after purchasing an additional 1,500 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Dorman Products in the 2nd quarter valued at about $115,000. Thomson Horstmann & Bryant Inc. purchased a new stake in shares of Dorman Products in the 1st quarter valued at about $218,000. Pitcairn Co. purchased a new stake in shares of Dorman Products in the 1st quarter valued at about $227,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Dorman Products by 29.1% in the 1st quarter. Victory Capital Management Inc. now owns 3,749 shares of the auto parts company’s stock valued at $248,000 after purchasing an additional 844 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Dorman Products Company 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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Analyst Recommendations for Dorman Products (NASDAQ:DORM)

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