M&T Bank Corp Decreases Holdings in Dorman Products, Inc. (NASDAQ:DORM)

M&T Bank Corp trimmed its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 6.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,485 shares of the auto parts company's stock after selling 1,277 shares during the period. M&T Bank Corp owned 0.06% of Dorman Products worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DORM. Amalgamated Bank lifted its stake in Dorman Products by 0.8% in the 4th quarter. Amalgamated Bank now owns 13,523 shares of the auto parts company's stock valued at $1,094,000 after buying an additional 109 shares in the last quarter. Brinker Capital Investments LLC lifted its position in shares of Dorman Products by 0.7% in the first quarter. Brinker Capital Investments LLC now owns 16,762 shares of the auto parts company's stock valued at $1,593,000 after acquiring an additional 120 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Dorman Products by 6.2% during the second quarter. Captrust Financial Advisors now owns 2,084 shares of the auto parts company's stock valued at $229,000 after acquiring an additional 122 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Dorman Products by 1.9% during the fourth quarter. First Republic Investment Management Inc. now owns 8,962 shares of the auto parts company's stock valued at $725,000 after acquiring an additional 169 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. raised its stake in Dorman Products by 4.3% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 4,109 shares of the auto parts company's stock valued at $332,000 after purchasing an additional 170 shares during the last quarter. 76.23% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:DORM opened at $81.85 on Thursday. Dorman Products, Inc. has a fifty-two week low of $73.32 and a fifty-two week high of $102.25. The firm's 50 day moving average is $82.22 and its two-hundred day moving average is $84.71. The company has a market cap of $2.58 billion, a P/E ratio of 29.66 and a beta of 0.53. 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 (NASDAQ:DORM - Get Free Report) last issued its earnings results on Tuesday, August 1st. The auto parts company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.03). Dorman Products had a return on equity of 11.27% and a net margin of 4.67%. The firm had revenue of $480.57 million during the quarter, compared to analysts' expectations of $497.07 million. During the same period last year, the business posted $1.29 earnings per share. The company's quarterly revenue was up 15.1% compared to the same quarter last year. Analysts expect that Dorman Products, Inc. will post 5.15 EPS for the current year.

DORM has been the topic of several analyst reports. StockNews.com began coverage on shares of Dorman Products in a research note on Thursday, August 17th. They set a "hold" rating on the stock. TheStreet upgraded Dorman Products from a "c+" rating to a "b" rating in a report on Friday, August 4th. Finally, Barrington Research restated an "outperform" rating and set a $127.00 price objective on shares of Dorman Products in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $111.67.

Check Out Our Latest Analysis on Dorman Products

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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