Geneva Capital Management LLC Reduces Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Geneva Capital Management LLC lowered its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 430,771 shares of the auto parts company's stock after selling 5,331 shares during the period. Geneva Capital Management LLC owned about 1.41% of Dorman Products worth $55,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new position in Dorman Products during the 4th quarter valued at about $287,000. Intech Investment Management LLC purchased a new position in Dorman Products during the third quarter valued at approximately $2,014,000. Empowered Funds LLC bought a new position in Dorman Products in the fourth quarter worth approximately $387,000. HighTower Advisors LLC raised its stake in Dorman Products by 431.9% in the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company's stock worth $1,563,000 after buying an additional 11,246 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Dorman Products by 41.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company's stock worth $1,548,000 after buying an additional 3,993 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Insider Activity at Dorman Products

In other news, Director Steven L. Berman sold 617 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,090 shares of company stock valued at $5,575,927 in the last ninety days. Corporate insiders own 10.00% of the company's stock.

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Dorman Products Stock Up 0.2 %

Shares of NASDAQ DORM traded up $0.27 during trading hours on Monday, hitting $125.18. 297,697 shares of the stock were exchanged, compared to its average volume of 197,995. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The firm has a fifty day moving average price of $128.37 and a 200-day moving average price of $125.22. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.83 billion, a PE ratio of 20.93 and a beta of 0.84.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. On average, sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 28th.

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.