Raymond James & Associates Sells 9,256 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Raymond James & Associates decreased its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 24.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,187 shares of the auto parts company’s stock after selling 9,256 shares during the quarter. Raymond James & Associates’ holdings in Dorman Products were worth $2,351,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in shares of Dorman Products in the second quarter worth $26,000. Headinvest LLC bought a new stake in shares of Dorman Products in the third quarter worth $30,000. Dark Forest Capital Management LP grew its stake in shares of Dorman Products by 536.8% in the first quarter. Dark Forest Capital Management LP now owns 554 shares of the auto parts company’s stock worth $48,000 after purchasing an additional 467 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Dorman Products by 119.6% in the first quarter. Tower Research Capital LLC TRC now owns 861 shares of the auto parts company’s stock worth $74,000 after purchasing an additional 469 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of Dorman Products by 25.6% in the second quarter. State of Wyoming now owns 884 shares of the auto parts company’s stock worth $70,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

DORM has been the topic of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $90.00 price target on shares of Dorman Products in a research report on Tuesday, February 27th. Roth Mkm reaffirmed a “buy” rating and set a $116.00 price target on shares of Dorman Products in a research report on Monday, March 25th. TheStreet raised shares of Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Finally, StockNews.com raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

Dorman Products Price Performance

DORM stock opened at $89.76 on Tuesday. The stock has a market capitalization of $2.79 billion, a PE ratio of 21.89 and a beta of 0.81. The company’s 50-day moving average is $89.99 and its 200-day moving average is $81.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.09. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $98.55.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.16. The company had revenue of $494.30 million for the quarter, compared to analysts’ expectations of $494.86 million. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. Equities research analysts expect that Dorman Products, Inc. will post 5.55 EPS for the current fiscal year.

Dorman Products Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.