Intech Investment Management LLC Invests $2.01 Million in Dorman Products, Inc. (NASDAQ:DORM)

Intech Investment Management LLC bought a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,803 shares of the auto parts company's stock, valued at approximately $2,014,000. Intech Investment Management LLC owned about 0.06% of Dorman Products as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased 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 valued at $31,000 after acquiring an additional 273 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Dorman Products during the 3rd quarter valued at approximately $31,000. Quest Partners LLC purchased a new stake in shares of Dorman Products in the 2nd quarter valued at $37,000. Covestor Ltd increased its stake in shares of 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 acquiring an additional 336 shares during the period. Finally, GAMMA Investing LLC raised 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 purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DORM. CJS Securities assumed coverage on Dorman Products in a research report on Friday, September 13th. They set an "outperform" rating and a $134.00 price target on the stock. Roth Mkm reiterated a "buy" rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $125.67.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Scott Leff sold 5,536 shares of the business's stock in a transaction dated 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 directly owns 13,336 shares in the company, valued at $1,769,153.76. The trade was a 29.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $441,706.83. Following the completion of the sale, the senior vice president now directly owns 20,126 shares of the company's stock, valued at approximately $2,712,783.54. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,710 shares of company stock valued at $7,333,012 over the last 90 days. Corporate insiders own 10.00% of the company's stock.

Dorman Products Price Performance

Shares of NASDAQ:DORM traded up $1.76 during trading on Monday, reaching $141.21. 41,027 shares of the company's stock traded hands, compared to its average volume of 136,766. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. 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 50-day simple moving average of $121.08 and a 200-day simple moving average of $106.42. The firm has a market cap of $4.31 billion, a PE ratio of 23.32 and a beta of 0.83.

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

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.