Russell Investments Group Ltd. lowered its stake in shares of Dorman Products Inc. (NASDAQ:DORM) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,735 shares of the auto parts company’s stock after selling 3,127 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.21% of Dorman Products worth $6,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DORM. Steward Partners Investment Advisory LLC acquired a new stake in Dorman Products during the second quarter worth approximately $28,000. Strs Ohio raised its holdings in Dorman Products by 160.0% during the second quarter. Strs Ohio now owns 1,300 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 800 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in Dorman Products during the first quarter worth approximately $238,000. Virginia Retirement Systems ET AL acquired a new stake in Dorman Products during the second quarter worth approximately $279,000. Finally, Everence Capital Management Inc. raised its holdings in Dorman Products by 85.3% during the first quarter. Everence Capital Management Inc. now owns 4,170 shares of the auto parts company’s stock worth $367,000 after purchasing an additional 1,920 shares in the last quarter. 82.39% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on DORM shares. Barrington Research reissued a “hold” rating on shares of Dorman Products in a report on Monday, July 29th. Zacks Investment Research cut shares of Dorman Products from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub raised shares of Dorman Products from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. Finally, ValuEngine raised shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $56.50.

Shares of Dorman Products stock traded up $0.34 during trading on Friday, reaching $81.48. The company’s stock had a trading volume of 2,911 shares, compared to its average volume of 150,684. The company has a 50-day moving average price of $73.90 and a two-hundred day moving average price of $82.82. The firm has a market cap of $2.67 billion, a PE ratio of 19.54, a P/E/G ratio of 1.96 and a beta of 0.57. Dorman Products Inc. has a fifty-two week low of $65.68 and a fifty-two week high of $97.38.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Tuesday, July 30th. The auto parts company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.48). The business had revenue of $254.18 million during the quarter, compared to analyst estimates of $263.68 million. Dorman Products had a net margin of 11.28% and a return on equity of 16.36%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 earnings per share. As a group, sell-side analysts anticipate that Dorman Products Inc. will post 3.33 EPS for the current year.

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

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