Mirae Asset Global Investments Co. Ltd. Acquires 648 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Mirae Asset Global Investments Co. Ltd. increased its stake in Dorman Products, Inc. (NASDAQ:DORM) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,128 shares of the auto parts company’s stock after acquiring an additional 648 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dorman Products were worth $1,012,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Headinvest LLC acquired a new stake in Dorman Products in the third quarter worth $30,000. Quantbot Technologies LP grew its stake in shares of Dorman Products by 17.5% in the 3rd quarter. Quantbot Technologies LP now owns 1,375 shares of the auto parts company’s stock valued at $104,000 after buying an additional 205 shares during the period. Glenmede Trust Co. NA increased its position in Dorman Products by 26.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,331 shares of the auto parts company’s stock valued at $252,000 after buying an additional 697 shares in the last quarter. Jump Financial LLC acquired a new position in Dorman Products during the 3rd quarter worth approximately $254,000. Finally, Park Avenue Securities LLC bought a new position in Dorman Products in the third quarter worth approximately $268,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

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

Dorman Products Stock Up 1.6 %

DORM stock opened at $90.22 on Wednesday. The stock’s 50 day moving average is $90.58 and its 200-day moving average is $81.97. Dorman Products, Inc. has a twelve month low of $60.01 and a twelve month high of $98.55. The firm has a market capitalization of $2.80 billion, a PE ratio of 22.00 and a beta of 0.81. The company has a quick ratio of 1.09, a current ratio of 2.25 and a debt-to-equity ratio of 0.40.

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

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.