Dorman Products, Inc. (NASDAQ:DORM) Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 69.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,131 shares of the auto parts company's stock after selling 121,484 shares during the period. Assenagon Asset Management S.A. owned approximately 0.17% of Dorman Products worth $6,883,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DORM. Westside Investment Management Inc. acquired a new stake in Dorman Products in the third quarter valued at about $29,000. Advisors Asset Management Inc. purchased a new position in shares of Dorman Products in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC boosted its holdings in Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock worth $31,000 after buying an additional 273 shares in the last quarter. Covestor Ltd lifted its position in shares of Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock valued at $43,000 after acquiring an additional 336 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Dorman Products by 63.2% during the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company's stock worth $55,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a "buy" rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products presently has a consensus rating of "Buy" and a consensus target price of $125.67.

Dorman Products Trading Down 0.6 %

DORM stock traded down $0.77 during midday trading on Monday, hitting $129.60. The stock had a trading volume of 175,983 shares, compared to its average volume of 146,150. The company's 50-day moving average price is $133.92 and its 200 day moving average price is $118.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm has a market cap of $3.96 billion, a PE ratio of 21.67 and a beta of 0.89. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.43. The firm had revenue of $503.77 million for 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%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $1.40 EPS. On average, equities research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Scott Leff sold 5,536 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total transaction of $734,405.76. Following the completion of the sale, the senior vice president now owns 13,336 shares in the company, valued at $1,769,153.76. This trade represents a 29.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven L. Berman sold 617 shares of the company's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the completion of the transaction, the director now directly owns 832,910 shares in the company, valued at approximately $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,312 shares of company stock worth $5,037,766. 10.00% of the stock is owned by insiders.

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.