New York Life Investment Management LLC lowered its position in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,611 shares of the auto parts company’s stock after selling 360 shares during the period. New York Life Investment Management LLC’s holdings in Dorman Products were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Dorman Products in the second quarter worth about $26,000. Quadrant Capital Group LLC lifted its stake in Dorman Products by 41.5% in the fourth quarter. Quadrant Capital Group LLC now owns 876 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 257 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Dorman Products in the first quarter worth about $94,000. Captrust Financial Advisors raised its stake in shares of Dorman Products by 24.3% during the first quarter. Captrust Financial Advisors now owns 1,962 shares of the auto parts company’s stock valued at $186,000 after acquiring an additional 383 shares in the last quarter. Finally, Alpha Paradigm Partners LLC bought a new stake in shares of Dorman Products during the third quarter valued at approximately $204,000. Institutional investors own 76.43% of the company’s stock.
Dorman Products Stock Performance
Shares of DORM stock opened at $84.94 on Tuesday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 30.78 and a beta of 0.53. The company’s 50 day moving average is $82.68 and its 200 day moving average is $85.87. The company has a quick ratio of 0.96, a current ratio of 2.08 and a debt-to-equity ratio of 0.44. Dorman Products, Inc. has a 52-week low of $73.32 and a 52-week high of $108.69.
Analyst Ratings Changes
Several analysts have recently weighed in on DORM shares. StockNews.com started coverage on shares of Dorman Products in a research note on Thursday, May 18th. They set a “hold” rating for the company. TheStreet raised shares of Dorman Products from a “c+” rating to a “b” rating in a research note on Friday, August 4th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $127.00 price target on shares of Dorman Products in a research note on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.67.
Check Out Our Latest Stock Report on Dorman Products
Dorman Products Profile
Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers powertrain product, including intake and exhaust manifolds, cooling products, harmonic balancers, fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, and other engine, and transmission and axle components; chassis products comprising control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, leaf springs, and other suspension, steering, and brake components; motor vehicle 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; and hardware products comprising threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.
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