Kornitzer Capital Management Inc. KS lessened its stake in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,215 shares of the auto parts company’s stock after selling 5,850 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.12% of Dorman Products worth $4,195,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Heritage Family Offices LLP acquired a new stake in Dorman Products in the third quarter valued at $72,000. Provenance Wealth Advisors LLC lifted its stake in Dorman Products by 23,333.3% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,812 shares of the auto parts company’s stock valued at $345,000 after purchasing an additional 2,800 shares during the last quarter. Bridge City Capital LLC grew its holdings in Dorman Products by 13.9% during the third quarter. Bridge City Capital LLC now owns 66,751 shares of the auto parts company’s stock worth $8,184,000 after purchasing an additional 8,163 shares during the period. BOKF NA bought a new position in Dorman Products during the third quarter worth about $394,000. Finally, Reinhart Partners LLC. grew its holdings in Dorman Products by 1.8% during the third quarter. Reinhart Partners LLC. now owns 696,562 shares of the auto parts company’s stock worth $85,399,000 after purchasing an additional 12,180 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.
Dorman Products Price Performance
Shares of DORM opened at $136.70 on Monday. Dorman Products, Inc. has a one year low of $98.44 and a one year high of $155.37. The company has a market cap of $4.03 billion, a P/E ratio of 20.34 and a beta of 0.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.65 and a quick ratio of 1.88. The firm has a 50 day simple moving average of $126.49 and a two-hundred day simple moving average of $123.87.
Dorman Products (NASDAQ:DORM – Get Free Report) last released its earnings results on Monday, October 26th. The auto parts company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.08. The firm had revenue of $561.72 million during the quarter, compared to analysts’ expectations of $565.33 million. Dorman Products had a return on equity of 17.87% and a net margin of 9.30%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.62 earnings per share. Research analysts forecast that Dorman Products, Inc. will post 8.61 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
DORM has been the topic of a number of recent analyst reports. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Freedom Capital downgraded Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings cut shares of Dorman Products from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. Wall Street Zen upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Finally, Freedom Broker raised shares of Dorman Products from a “hold” rating to a “buy” rating and lowered their target price for the stock from $154.00 to $152.00 in a report on Wednesday, October 28th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Dorman Products presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.40.
Get Our Latest Stock Report on Dorman Products
About Dorman Products
Dorman Products, Inc develops, sources and markets replacement parts and solutions for the automotive aftermarket. Its products serve passenger cars, light- and heavy-duty trucks, and other vehicles, and are sold under the Dorman and other brand names.
The company’s offerings span vehicle systems and components, including engine and powertrain parts, steering and suspension components, brake and electrical products, body and interior parts, and hardware. Dorman also develops products intended to address repair needs that may not be met by traditional replacement parts.
Founded in 1918, Dorman serves customers in North America and other international markets.
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