Loomis Sayles & Co. L P Trims Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Loomis Sayles & Co. L P lowered its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 302,954 shares of the auto parts company's stock after selling 6,938 shares during the quarter. Loomis Sayles & Co. L P owned about 0.99% of Dorman Products worth $34,270,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DORM. Farther Finance Advisors LLC lifted its stake in Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock worth $31,000 after purchasing an additional 273 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products during the 3rd quarter worth approximately $31,000. Quest Partners LLC purchased a new position in Dorman Products during the 2nd quarter valued at $37,000. Covestor Ltd increased its stake in 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 purchasing an additional 336 shares during the period. Finally, GAMMA Investing LLC lifted its position 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. Institutional investors own 84.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DORM. CJS Securities initiated coverage on shares of Dorman Products in a report on Friday, September 13th. They set an "outperform" rating and a $134.00 price objective for the company. Roth Mkm reissued a "buy" rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $125.67.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. The trade was a 2.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffery Darby sold 2,400 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total value of $285,552.00. Following the completion of the transaction, the senior vice president now owns 19,871 shares of the company's stock, valued at approximately $2,364,251.58. The trade was a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,710 shares of company stock valued at $7,333,012 in the last three months. 10.00% of the stock is owned by insiders.

Dorman Products Stock Up 0.8 %

NASDAQ:DORM traded up $1.13 during trading hours on Tuesday, reaching $142.83. The company's stock had a trading volume of 181,490 shares, compared to its average volume of 137,755. Dorman Products, Inc. has a 12 month low of $69.77 and a 12 month high of $146.60. The stock has a 50 day moving average price of $121.59 and a two-hundred day moving average price of $106.77. The company has a market capitalization of $4.36 billion, a P/E ratio of 23.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its earnings results 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 net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $503.77 million during the quarter, compared to analysts' expectations of $509.54 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. Dorman Products's revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.