Bank of New York Mellon Corp Has $37.54 Million Holdings in Dorman Products, Inc. (DORM)

Bank of New York Mellon Corp lessened its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 524,170 shares of the auto parts company’s stock after selling 25,158 shares during the quarter. Bank of New York Mellon Corp owned 1.55% of Dorman Products worth $37,541,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. YorkBridge Wealth Partners LLC boosted its holdings in Dorman Products by 3.0% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 41 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Dorman Products in the 2nd quarter valued at approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dorman Products by 8.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 118 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in Dorman Products by 10.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after purchasing an additional 139 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its holdings in Dorman Products by 1,740.0% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after purchasing an additional 1,740 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Shares of Dorman Products, Inc. (NASDAQ DORM) opened at $64.92 on Friday. The company has a market capitalization of $2,237.82, a P/E ratio of 20.05, a PEG ratio of 1.81 and a beta of 0.60. Dorman Products, Inc. has a 52 week low of $62.64 and a 52 week high of $88.50.

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

A number of brokerages have weighed in on DORM. BidaskClub lowered Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Jefferies Group reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Dorman Products in a report on Sunday, October 29th. B. Riley reaffirmed a “neutral” rating and issued a $65.00 price objective (down previously from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st. Zacks Investment Research raised Dorman Products from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Finally, FBR & Co reissued a “neutral” rating and set a $65.00 price target (down previously from $75.00) on shares of Dorman Products in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Dorman Products has an average rating of “Hold” and an average price target of $68.33.

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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.

Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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