Dorman Products Inc. (DORM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Dorman Products Inc. (NASDAQ:DORM) have been given an average rating of “Hold” by the six analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $68.33.

A number of equities analysts have recently weighed in on DORM shares. BidaskClub downgraded Dorman Products from a “sell” rating to a “strong sell” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. CL King upgraded Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. Jefferies Group reiterated a “hold” rating and issued a $75.00 target price on shares of Dorman Products in a report on Sunday, October 29th. Finally, B. Riley reiterated a “neutral” rating and issued a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st.

A number of large investors have recently added to or reduced their stakes in DORM. Winslow Evans & Crocker Inc. increased its holdings in 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 worth $132,000 after buying an additional 1,740 shares during the last quarter. Zions Bancorporation acquired a new position in Dorman Products in the third quarter worth approximately $193,000. Ameritas Investment Partners Inc. increased its holdings in Dorman Products by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 2,405 shares of the auto parts company’s stock worth $199,000 after buying an additional 115 shares during the last quarter. Shaker Investments LLC OH acquired a new position in Dorman Products in the third quarter worth approximately $201,000. Finally, Visionary Asset Management Inc. acquired a new position in Dorman Products in the third quarter worth approximately $204,000. Hedge funds and other institutional investors own 72.37% of the company’s stock.

Shares of Dorman Products (NASDAQ DORM) traded up $1.70 on Wednesday, hitting $73.06. The stock had a trading volume of 270,700 shares, compared to its average volume of 231,087. The firm has a market cap of $2,406.43, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.71 and a beta of 0.85. Dorman Products has a one year low of $60.93 and a one year high of $88.50.

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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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