Dorman Products (NASDAQ:DORM) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms have also recently commented on DORM. B. Riley reaffirmed a “neutral” rating and set a $65.00 price objective (down from $75.00) on shares of Dorman Products in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. FBR & Co reaffirmed a “neutral” rating and set a $65.00 price objective (down from $75.00) on shares of Dorman Products in a research report on Monday, October 30th. Jefferies Group reaffirmed a “hold” rating and set a $75.00 price objective on shares of Dorman Products in a research report on Sunday, October 29th. Finally, CL King raised shares of Dorman Products from a “neutral” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $68.33.

Dorman Products (DORM) traded up $0.76 during trading hours on Friday, hitting $71.74. 154,997 shares of the company traded hands, compared to its average volume of 298,850. Dorman Products has a twelve month low of $60.93 and a twelve month high of $88.50. The company has a market capitalization of $2,420.00, a PE ratio of 21.67, a PEG ratio of 1.70 and a beta of 0.61.

Dorman Products (NASDAQ:DORM) last released its earnings results on Friday, October 27th. The auto parts company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.07). Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The firm had revenue of $224.60 million during the quarter, compared to the consensus estimate of $233.56 million. During the same period in the prior year, the business posted $0.77 earnings per share. Dorman Products’s quarterly revenue was up 5.5% compared to the same quarter last year. analysts anticipate that Dorman Products will post 3.34 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC boosted its position in Dorman Products by 3.0% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 41 shares during the period. SG Americas Securities LLC bought a new stake in shares of Dorman Products in the second quarter valued at about $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dorman Products by 8.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after acquiring an additional 118 shares during the period. Winslow Evans & Crocker Inc. boosted its position in shares of Dorman Products by 1,740.0% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after acquiring an additional 1,740 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Dorman Products by 17.5% in the second quarter. Victory Capital Management Inc. now owns 2,268 shares of the auto parts company’s stock valued at $188,000 after acquiring an additional 338 shares during the period. 76.23% of the stock is owned by hedge funds and other institutional investors.

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About Dorman Products

Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.

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