New York State Teachers Retirement System Has $1.80 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

New York State Teachers Retirement System cut its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,550 shares of the auto parts company’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of Dorman Products worth $1,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Dorman Products in the second quarter valued at $26,000. Headinvest LLC acquired a new stake in shares of Dorman Products in the third quarter valued at $30,000. Dark Forest Capital Management LP increased its stake in shares of Dorman Products by 536.8% in the first quarter. Dark Forest Capital Management LP now owns 554 shares of the auto parts company’s stock valued at $48,000 after buying an additional 467 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Dorman Products by 119.6% in the first quarter. Tower Research Capital LLC TRC now owns 861 shares of the auto parts company’s stock valued at $74,000 after buying an additional 469 shares in the last quarter. Finally, State of Wyoming increased its stake in shares of Dorman Products by 25.6% in the second quarter. State of Wyoming now owns 884 shares of the auto parts company’s stock valued at $70,000 after buying an additional 180 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Price Performance

Dorman Products stock opened at $88.95 on Wednesday. The business’s 50-day simple moving average is $90.13 and its 200 day simple moving average is $81.62. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 21.70 and a beta of 0.81. Dorman Products, Inc. has a 12-month low of $60.01 and a 12-month high of $98.55. 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 earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.16. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The firm had revenue of $494.30 million for the quarter, compared to analysts’ expectations of $494.86 million. During the same quarter last year, the business earned $1.01 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that Dorman Products, Inc. will post 5.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DORM shares. Barrington Research restated an “outperform” rating and issued a $90.00 target price on shares of Dorman Products in a research note on Tuesday, February 27th. StockNews.com upgraded Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. TheStreet upgraded Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. Finally, Roth Mkm reiterated a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a report on Monday, March 25th.

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.