Aurora Investment Counsel Purchases Shares of 16,835 Dorman Products, Inc. (NASDAQ:DORM)

Aurora Investment Counsel purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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 quarter.

Several other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock worth $31,000 after purchasing an additional 273 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Dorman Products during the third quarter valued at about $31,000. Quest Partners LLC purchased a new position in shares of Dorman Products during the second quarter valued at approximately $37,000. Covestor Ltd raised its stake in Dorman Products by 781.4% in the third quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock worth $43,000 after buying an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Dorman Products by 63.2% in the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company's stock worth $55,000 after buying an additional 187 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 3,277 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at $2,712,783.54. This represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffery Darby sold 1,400 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the transaction, the senior vice president now owns 22,271 shares of the company's stock, valued at $2,538,448.58. The trade was a 5.91 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,110 shares of company stock valued at $7,492,584. 10.00% of the stock is owned by corporate insiders.

Dorman Products Price Performance

DORM traded up $0.67 on Thursday, hitting $135.82. 57,386 shares of the company were exchanged, compared to its average volume of 136,368. The business's fifty day moving average is $120.09 and its 200 day moving average is $105.67. The firm has a market capitalization of $4.15 billion, a P/E ratio of 22.60 and a beta of 0.83. Dorman Products, Inc. has a fifty-two week low of $69.77 and a fifty-two week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same period in the prior year, the firm earned $1.40 earnings per share. The business's quarterly revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Ratings Changes

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

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.