Dorman Products (NASDAQ:DORM) Rating Increased
Dorman Products (NASDAQ:DORM) was boosted by investment analysts at CL King from Neutral rating to Strong Buy rating in analysts note sent to investors and clients on 3 January.
Despite the company’s rating upgrade NASDAQ:DORM is currently trading -3.87% lower at $68.26 as of 4:06 PM New York time. Dorman Products shares have [From2] 0% over the last 200 days, while the Standard & Poor’s 500 index has risen 6.00% for the same time.
Rk Asset Management Llc had the biggest stake with ownership of 120,273 shares as of Q2 2015 for 6.91% of the US equity exposure. Conestoga Capital Advisors Llc is another bullish investment manager who is possessing 575,463 shares of Dorman Products or 2.52% of their US equity exposure. Further, Summit Creek Advisors Llc have 2.49% of their US equity exposure invested in the company for 237,371 shares. The California-based fund Snyder Capital Management L P disclosed it had acquired a stake worth about 1.8% of the investment manager’s stock portfolio in Dorman Products. The Pennsylvania-based fund Minerva Advisors Llc is also positive about the stock, possessing 449,404 shares or 1.71% of their US equity exposure.
Dorman Products (NASDAQ:DORM) Profile
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. As of December 31, 2016, approximately 83% of its products were sold under brands that it owned and the remainder of its products were sold for resale under customers’ private labels, other brands or in bulk.
Dorman Products (NASDAQ:DORM) traded down -3.87% on 3 January, hitting $68.26. A total of shares of the company’s stock traded hands. This is down from average of 138,237 shares. Dorman Products has a 52 week low of $61.07 and a 52 week high of $88.5. The company has a market cap of $2.33 billion and a P/E ratio of 20.65.
Get the latest Dorman Products (NASDAQ:DORM) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.
The post How Will Dorman Products (NASDAQ:DORM) Stock React To CL King’s Upgrade to Strong Buy from Neutral? appeared first on Octafinance.