Arizona State Retirement System Has $624,000 Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Arizona State Retirement System trimmed its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,482 shares of the auto parts company’s stock after selling 134 shares during the period. Arizona State Retirement System’s holdings in Dorman Products were worth $624,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Dorman Products in the second quarter worth approximately $26,000. Headinvest LLC bought a new stake in Dorman Products in the third quarter worth approximately $30,000. Dark Forest Capital Management LP grew its position in 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 acquiring an additional 467 shares in the last quarter. Tower Research Capital LLC TRC grew its position in 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 acquiring an additional 469 shares in the last quarter. Finally, State of Wyoming grew its position in 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 acquiring an additional 180 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Dorman Products Price Performance

NASDAQ DORM opened at $87.91 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $90.39 and a 200 day simple moving average of $81.71. The company has a market cap of $2.73 billion, a P/E ratio of 21.44 and a beta of 0.81. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $98.55.

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

Wall Street Analyst Weigh In

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

About Dorman Products

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.