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

Geneva Capital Management LLC cut its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 24.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 436,102 shares of the auto parts company's stock after selling 137,396 shares during the quarter. Geneva Capital Management LLC owned about 1.43% of Dorman Products worth $49,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in shares of 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 acquiring an additional 273 shares during the period. Quest Partners LLC bought a new stake in shares of Dorman Products during the 2nd quarter worth $37,000. Covestor Ltd boosted its stake in shares of Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock valued at $43,000 after purchasing an additional 336 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 187 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Dorman Products during the third quarter worth about $58,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DORM has been the topic of several analyst reports. Roth Mkm reiterated a "buy" rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities began coverage on Dorman Products in a research report on Friday, September 13th. They issued an "outperform" rating and a $134.00 price target for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products currently has an average rating of "Buy" and an average target price of $125.67.

Dorman Products Stock Up 0.9 %

Shares of DORM stock traded up $1.21 during mid-day trading on Wednesday, reaching $139.21. 71,022 shares of the company's stock traded hands, compared to its average volume of 135,659. 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's 50-day moving average price is $116.96 and its 200-day moving average price is $103.83. Dorman Products, Inc. has a 12 month low of $68.63 and a 12 month high of $146.60. The company has a market cap of $4.25 billion, a P/E ratio of 23.16 and a beta of 0.83.

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

Insider Buying and Selling

In other news, SVP Scott Leff sold 5,536 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 13,336 shares in the company, valued at approximately $1,769,153.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Scott Leff sold 5,536 shares of Dorman Products stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total value of $734,405.76. Following the transaction, the senior vice president now owns 13,336 shares of the company's stock, valued at $1,769,153.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery Darby sold 2,400 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.98, for a total value of $299,952.00. Following the completion of the sale, the senior vice president now directly owns 17,471 shares of the company's stock, valued at approximately $2,183,525.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,833 shares of company stock worth $7,050,877. Corporate insiders own 10.00% of the company's stock.

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.