Suntrust Banks Inc. Buys 1,431 Shares of Dorman Products Inc. (DORM)

Suntrust Banks Inc. grew its stake in Dorman Products Inc. (NASDAQ:DORM) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,272 shares of the auto parts company’s stock after purchasing an additional 1,431 shares during the period. Suntrust Banks Inc. owned about 0.12% of Dorman Products worth $3,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DORM. Captrust Financial Advisors boosted its holdings in Dorman Products by 90.7% during the 4th quarter. Captrust Financial Advisors now owns 412 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 196 shares during the last quarter. Private Capital Group LLC boosted its holdings in Dorman Products by 62.9% during the 4th quarter. Private Capital Group LLC now owns 593 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 229 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Dorman Products during the 4th quarter worth $96,000. Strs Ohio purchased a new position in Dorman Products during the 4th quarter worth $126,000. Finally, LS Investment Advisors LLC boosted its holdings in Dorman Products by 98.7% during the 4th quarter. LS Investment Advisors LLC now owns 1,820 shares of the auto parts company’s stock worth $164,000 after acquiring an additional 904 shares during the last quarter. Institutional investors and hedge funds own 81.05% of the company’s stock.

A number of research firms have recently commented on DORM. BidaskClub upgraded Dorman Products from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Zacks Investment Research upgraded Dorman Products from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. Finally, Barrington Research reiterated a “hold” rating on shares of Dorman Products in a research note on Tuesday, February 26th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.50.

Dorman Products stock traded down $0.15 during midday trading on Monday, reaching $93.03. The stock had a trading volume of 140,900 shares, compared to its average volume of 229,156. Dorman Products Inc. has a 12 month low of $56.36 and a 12 month high of $97.38. The stock has a market capitalization of $3.07 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.60 and a beta of 0.55.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, February 25th. The auto parts company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.03. Dorman Products had a return on equity of 20.20% and a net margin of 13.72%. The business had revenue of $260.34 million for the quarter, compared to analysts’ expectations of $249.09 million. During the same period in the previous year, the business posted $0.87 EPS. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts predict that Dorman Products Inc. will post 4.45 earnings per share for the current fiscal year.

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About Dorman Products

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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

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