Aurora Investment Counsel Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

Aurora Investment Counsel acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,835 shares of the auto parts company's stock, valued at approximately $1,904,000. Aurora Investment Counsel owned 0.06% of Dorman Products at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Equitable Trust Co. increased its holdings in shares of Dorman Products by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company's stock valued at $508,000 after purchasing an additional 97 shares in the last quarter. Inspire Advisors LLC increased its holdings in Dorman Products by 1.3% in the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company's stock valued at $794,000 after buying an additional 112 shares in the last quarter. Creative Planning lifted its position in shares of Dorman Products by 3.3% during the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company's stock valued at $412,000 after acquiring an additional 144 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Dorman Products by 28.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company's stock worth $75,000 after acquiring an additional 146 shares in the last quarter. Finally, Procyon Advisors LLC grew its holdings in shares of Dorman Products by 7.1% in the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company's stock worth $309,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DORM. CJS Securities assumed coverage on Dorman Products in a report on Friday, September 13th. They set an "outperform" rating and a $134.00 price objective for the company. Roth Mkm reaffirmed a "buy" rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $125.67.

Insider Transactions at Dorman Products

In related news, SVP Scott Leff sold 5,536 shares of the company's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total value of $734,405.76. Following the completion of the transaction, the senior vice president now directly owns 13,336 shares in the company, valued at approximately $1,769,153.76. This represents a 29.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 3,277 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $134.79, for a total value of $441,706.83. Following the completion of the sale, the senior vice president now directly owns 20,126 shares in the company, valued at approximately $2,712,783.54. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,110 shares of company stock worth $7,492,584 over the last ninety days. 10.00% of the stock is currently owned by corporate insiders.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $135.15 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The business's fifty day moving average price is $120.09 and its two-hundred day moving average price is $105.67. The stock has a market cap of $4.12 billion, a PE ratio of 22.60 and a beta of 0.83. Dorman Products, Inc. has a one year low of $69.77 and a one year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same quarter last year, the company earned $1.40 earnings per share. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

About Dorman Products

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; 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; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.

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