Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 60.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,545 shares of the auto parts company's stock after selling 128,169 shares during the quarter. Janus Henderson Group PLC owned approximately 0.27% of Dorman Products worth $9,450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in shares of Dorman Products by 431.9% during the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company's stock valued at $1,563,000 after buying an additional 11,246 shares during the last quarter. Centiva Capital LP grew its stake in Dorman Products by 59.5% during the third quarter. Centiva Capital LP now owns 4,304 shares of the auto parts company's stock valued at $487,000 after acquiring an additional 1,605 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in Dorman Products in the 3rd quarter worth $1,907,000. ArrowMark Colorado Holdings LLC lifted its position in shares of Dorman Products by 33.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company's stock worth $17,385,000 after buying an additional 38,188 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Dorman Products during the 3rd quarter worth approximately $333,000. Institutional investors own 84.70% of the company's stock.

Insider Buying and Selling at Dorman Products

In other news, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total transaction of $285,552.00. Following the completion of the sale, the senior vice president now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven L. Berman sold 16,071 shares of Dorman Products stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $116.55, for a total transaction of $1,873,075.05. Following the sale, the director now owns 888,656 shares of the company's stock, valued at $103,572,856.80. The trade was a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,173 shares of company stock worth $8,936,331 over the last three months. Corporate insiders own 10.00% of the company's stock.

Dorman Products Trading Down 0.8 %

Shares of NASDAQ:DORM traded down $1.05 during trading on Monday, reaching $137.42. 87,369 shares of the company were exchanged, compared to its average volume of 136,528. The firm has a market capitalization of $4.19 billion, a PE ratio of 22.98 and a beta of 0.87. The business's fifty day simple moving average is $126.52 and its 200-day simple moving average is $110.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a 12-month low of $74.24 and a 12-month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.43. The company had revenue of $503.77 million for 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%. Dorman Products's revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. On average, research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on DORM shares. CJS Securities began coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an "outperform" rating and a $134.00 target price on the stock. 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 research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $125.67.

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.