Anchor Capital Advisors LLC boosted its stake in shares of Dorman Products Inc. (NASDAQ:DORM) by 42.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 264,294 shares of the auto parts company’s stock after buying an additional 79,052 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Dorman Products were worth $23,282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Piedmont Investment Advisors Inc. increased its position in Dorman Products by 5.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 7,242 shares of the auto parts company’s stock valued at $638,000 after buying an additional 360 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Dorman Products by 1.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 39,571 shares of the auto parts company’s stock valued at $3,483,000 after buying an additional 735 shares in the last quarter. Wasatch Advisors Inc. increased its position in Dorman Products by 16.2% in the 1st quarter. Wasatch Advisors Inc. now owns 306,002 shares of the auto parts company’s stock valued at $26,956,000 after buying an additional 42,588 shares in the last quarter. New York State Common Retirement Fund increased its position in Dorman Products by 40.4% in the 1st quarter. New York State Common Retirement Fund now owns 106,383 shares of the auto parts company’s stock valued at $9,371,000 after buying an additional 30,623 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Dorman Products by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 12,792 shares of the auto parts company’s stock worth $1,127,000 after purchasing an additional 398 shares in the last quarter. 79.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DORM opened at $80.50 on Friday. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.44 and a beta of 0.53. Dorman Products Inc. has a 52 week low of $64.06 and a 52 week high of $97.38.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, April 29th. The auto parts company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.17). The company had revenue of $243.80 million for the quarter, compared to the consensus estimate of $248.09 million. Dorman Products had a return on equity of 18.77% and a net margin of 12.76%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. On average, sell-side analysts predict that Dorman Products Inc. will post 4.43 earnings per share for the current fiscal year.

A number of analysts have commented on the company. BidaskClub raised Dorman Products from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Zacks Investment Research lowered Dorman Products from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Finally, ValuEngine lowered Dorman Products from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating and two have given 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 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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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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