Royce & Associates LP Increases Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Royce & Associates LP raised its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 17.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 523,882 shares of the auto parts company's stock after buying an additional 78,496 shares during the period. Royce & Associates LP owned about 1.72% of Dorman Products worth $59,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. UniSuper Management Pty Ltd acquired a new position in Dorman Products in the first quarter valued at approximately $608,000. Assenagon Asset Management S.A. grew its stake in Dorman Products by 5.1% in the second quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company's stock valued at $20,526,000 after acquiring an additional 10,915 shares during the period. PEAK6 Investments LLC increased its holdings in shares of Dorman Products by 69.7% during the first quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company's stock valued at $2,978,000 after acquiring an additional 12,691 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Dorman Products by 1,595.0% during the second quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company's stock worth $1,924,000 after purchasing an additional 19,794 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Dorman Products by 26.7% in the 3rd quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company's stock worth $3,944,000 after purchasing an additional 7,349 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Steven L. Berman sold 215 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the transaction, the director now directly owns 881,298 shares of the company's stock, valued at $103,120,678.98. This trade represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Darby sold 2,400 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total value of $285,552.00. Following the sale, the senior vice president now owns 19,871 shares in the company, valued at approximately $2,364,251.58. The trade was a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,833 shares of company stock valued at $7,050,877. 10.00% of the stock is owned by insiders.

Dorman Products Stock Performance

DORM stock traded down $1.23 during mid-day trading on Friday, hitting $134.73. The company had a trading volume of 173,369 shares, compared to its average volume of 136,626. The stock's fifty day moving average price is $118.03 and its two-hundred day moving average price is $104.29. 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, Inc. has a 12 month low of $69.63 and a 12 month high of $146.60. The firm has a market cap of $4.11 billion, a PE ratio of 22.74 and a beta of 0.83.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Dorman Products's revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 earnings per share. On average, analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Dorman Products Profile

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.