Arosa Capital Management LP Has Trimmed Its Targa Res (TRGP) Stake; Dorman Products (DORM)’s Sentiment Is 1.22

January 13, 2018 - By Clifton Ray

Arosa Capital Management Lp decreased Targa Res Corp (TRGP) stake by 28.17% reported in 2017Q3 SEC filing. Arosa Capital Management Lp sold 162,063 shares as Targa Res Corp (TRGP)’s stock declined 13.24%. The Arosa Capital Management Lp holds 413,211 shares with $19.55 million value, down from 575,274 last quarter. Targa Res Corp now has $11.09 billion valuation. The stock increased 1.22% or $0.62 during the last trading session, reaching $51.44. About 1.88M shares traded. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since January 13, 2017 and is uptrending. It has outperformed by 1.72% the S&P500.

Dorman Products, Inc. supplies automotive replacement parts, automotive hardware, brake products, and household hardware to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. The company has market cap of $2.41 billion. 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, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts. It has a 21.67 P/E ratio. The firm also provides automotive replacement parts comprising door handles, keyless remotes and cases, emission control products, and oil dipsticks, as well as door hinge repairs; and application specific and general automotive hardware consisting of body hardware, general automotive fasteners, oil drain plugs, and wheel hardware.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Targa Resources had 75 analyst reports since August 5, 2015 according to SRatingsIntel. The company was upgraded on Thursday, August 4 by Stifel Nicolaus. The stock has “Hold” rating by Jefferies on Monday, October 16. The stock of Targa Resources Corp. (NYSE:TRGP) has “Buy” rating given on Sunday, August 20 by RBC Capital Markets. The stock of Targa Resources Corp. (NYSE:TRGP) has “Buy” rating given on Thursday, March 30 by Deutsche Bank. The firm has “Buy” rating by UBS given on Thursday, June 22. As per Tuesday, September 27, the company rating was upgraded by Barclays Capital. Stifel Nicolaus upgraded Targa Resources Corp. (NYSE:TRGP) on Thursday, November 3 to “Buy” rating. On Wednesday, August 31 the stock rating was maintained by Wunderlich with “Hold”. The stock of Targa Resources Corp. (NYSE:TRGP) has “Buy” rating given on Thursday, November 2 by Citigroup. The stock of Targa Resources Corp. (NYSE:TRGP) has “Buy” rating given on Monday, March 13 by Stifel Nicolaus.

Since August 10, 2017, it had 0 buys, and 1 sale for $93,874 activity. Middlebrooks Dan C had sold 2,100 shares worth $93,874.

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.32, from 1.56 in 2017Q2. It dived, as 33 investors sold TRGP shares while 103 reduced holdings. 39 funds opened positions while 130 raised stakes. 182.82 million shares or 0.10% more from 182.63 million shares in 2017Q2 were reported. Grassi Management invested in 0.27% or 34,395 shares. Jpmorgan Chase And owns 169,111 shares for 0% of their portfolio. State Of Alaska Department Of Revenue reported 9,326 shares or 0.02% of all its holdings. Stratos Wealth Prtnrs Limited reported 0.04% in Targa Resources Corp. (NYSE:TRGP). Swiss State Bank, a Switzerland-based fund reported 793,900 shares. Wells Fargo & Mn has 0.01% invested in Targa Resources Corp. (NYSE:TRGP) for 650,444 shares. Bb&T Secs Llc invested in 0.01% or 22,876 shares. Waddell And Reed Finance Inc invested 0.02% in Targa Resources Corp. (NYSE:TRGP). Bessemer Grp accumulated 73,822 shares. Salient Capital Advsr Ltd Liability Com invested in 4.06 million shares or 4.24% of the stock. Moreover, Cibc World Mkts Inc has 0% invested in Targa Resources Corp. (NYSE:TRGP). Principal Grp holds 0.07% or 1.54M shares in its portfolio. Mai Mngmt stated it has 0.24% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Los Angeles Equity, a California-based fund reported 17,640 shares. Citigroup Incorporated holds 146,977 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $134,676 activity.

Rk Asset Management Llc holds 6.38% of its portfolio in Dorman Products, Inc. for 102,258 shares. Summit Creek Advisors Llc owns 154,858 shares or 2.18% of their US portfolio. Moreover, Conestoga Capital Advisors Llc has 1.81% invested in the company for 571,900 shares. The Texas-based Ranger Investment Management L.P. has invested 1.76% in the stock. Snyder Capital Management L P, a California-based fund reported 431,996 shares.

Analysts await Dorman Products, Inc. (NASDAQ:DORM) to report earnings on February, 28. They expect $0.86 EPS, up 3.61% or $0.03 from last year’s $0.83 per share. DORM’s profit will be $28.87 million for 20.85 P/E if the $0.86 EPS becomes a reality. After $0.80 actual EPS reported by Dorman Products, Inc. for the previous quarter, Wall Street now forecasts 7.50% EPS growth.

Ratings analysis reveals 0 of Dorman Products’s analysts are positive. Out of 2 Wall Street analysts rating Dorman Products, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. DORM was included in 2 notes of analysts from January 4, 2017. FBR Capital downgraded Dorman Products, Inc. (NASDAQ:DORM) on Thursday, February 23 to “Mkt Perform” rating. CL King downgraded the stock to “Neutral” rating in Wednesday, January 4 report.

The stock increased 1.07% or $0.76 during the last trading session, reaching $71.74. About 154,997 shares traded. Dorman Products, Inc. (DORM) has risen 57.51% since January 13, 2017 and is uptrending. It has outperformed by 40.81% the S&P500.

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