Huntington National Bank lifted its position in Dorman Products Inc. (NASDAQ:DORM) by 15.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,817 shares of the auto parts company’s stock after acquiring an additional 248 shares during the period. Huntington National Bank’s holdings in Dorman Products were worth $145,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Dorman Products by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,871,470 shares of the auto parts company’s stock valued at $250,220,000 after acquiring an additional 64,595 shares during the period. Conestoga Capital Advisors LLC raised its holdings in Dorman Products by 0.3% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 817,893 shares of the auto parts company’s stock worth $65,055,000 after buying an additional 2,345 shares during the period. Atlanta Capital Management Co. L L C raised its holdings in Dorman Products by 1.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 647,525 shares of the auto parts company’s stock worth $56,425,000 after buying an additional 7,496 shares during the period. Northern Trust Corp raised its holdings in Dorman Products by 1.0% during the 2nd quarter. Northern Trust Corp now owns 540,469 shares of the auto parts company’s stock worth $47,096,000 after buying an additional 5,402 shares during the period. Finally, Anchor Capital Advisors LLC raised its holdings in Dorman Products by 44.3% during the 3rd quarter. Anchor Capital Advisors LLC now owns 380,148 shares of the auto parts company’s stock worth $30,237,000 after buying an additional 116,728 shares during the period. Institutional investors and hedge funds own 82.17% of the company’s stock.
DORM stock traded down $1.09 during mid-day trading on Friday, hitting $72.45. 156,700 shares of the company were exchanged, compared to its average volume of 194,581. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.26 and a current ratio of 3.71. The firm’s 50 day simple moving average is $78.73 and its 200 day simple moving average is $80.61. Dorman Products Inc. has a 1-year low of $67.39 and a 1-year high of $97.38. The firm has a market cap of $2.40 billion, a P/E ratio of 17.25, a P/E/G ratio of 2.06 and a beta of 0.50.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, October 28th. The auto parts company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.22). Dorman Products had a return on equity of 14.23% and a net margin of 9.96%. The company had revenue of $253.80 million for the quarter, compared to the consensus estimate of $268.65 million. During the same period last year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts predict that Dorman Products Inc. will post 2.85 EPS for the current fiscal year.
DORM has been the topic of several research analyst reports. BidaskClub downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Zacks Investment Research downgraded shares of Dorman Products from a “hold” rating to a “strong sell” rating in a report on Thursday, October 31st. Barrington Research restated a “hold” rating on shares of Dorman Products in a report on Monday, July 29th. Finally, ValuEngine upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $97.00.
Dorman Products Company Profile
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products Inc. (NASDAQ:DORM).
Receive News & Ratings for Dorman Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products and related companies with MarketBeat.com's FREE daily email newsletter.