New York State Common Retirement Fund Purchases 724 Shares of Dorman Products, Inc. (NASDAQ:DORM)

New York State Common Retirement Fund grew its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 3.5% during the 4th quarter, Holdings Channel reports. The firm owned 21,186 shares of the auto parts company’s stock after purchasing an additional 724 shares during the period. New York State Common Retirement Fund’s holdings in Dorman Products were worth $1,767,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DORM. Park Avenue Securities LLC bought a new stake in shares of Dorman Products during the 3rd quarter valued at $268,000. Summit Creek Advisors LLC lifted its stake in Dorman Products by 0.4% in the third quarter. Summit Creek Advisors LLC now owns 245,210 shares of the auto parts company’s stock valued at $18,577,000 after buying an additional 876 shares during the period. Jennison Associates LLC bought a new position in Dorman Products during the third quarter worth about $13,507,000. Victory Capital Management Inc. grew its position in shares of Dorman Products by 26.2% during the 3rd quarter. Victory Capital Management Inc. now owns 12,200 shares of the auto parts company’s stock worth $924,000 after buying an additional 2,536 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Dorman Products by 37.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 75,485 shares of the auto parts company’s stock valued at $5,719,000 after acquiring an additional 20,628 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Dorman Products Stock Down 0.2 %

Dorman Products stock opened at $91.23 on Thursday. The company has a 50 day moving average of $91.90 and a 200-day moving average of $83.06. 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, Inc. has a twelve month low of $60.01 and a twelve month high of $98.55. The stock has a market capitalization of $2.83 billion, a PE ratio of 22.25 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.49. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The firm had revenue of $468.70 million during the quarter, compared to analyst estimates of $472.35 million. During the same period in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Dorman Products, Inc. will post 5.55 EPS for the current fiscal year.

Dorman Products Company 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.