SG Americas Securities LLC Cuts Stake in Dorman Products, Inc. (NASDAQ:DORM)

SG Americas Securities LLC lessened its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 49.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,651 shares of the auto parts company's stock after selling 10,384 shares during the period. SG Americas Securities LLC's holdings in Dorman Products were worth $1,205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Dorman Products by 210.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 28,700 shares of the auto parts company's stock worth $2,394,000 after buying an additional 19,447 shares in the last quarter. Wellington Management Group LLP acquired a new position in Dorman Products during the fourth quarter worth about $1,625,000. Vanguard Group Inc. lifted its holdings in shares of Dorman Products by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,990,436 shares of the auto parts company's stock worth $249,432,000 after acquiring an additional 24,328 shares during the last quarter. Mather Group LLC. bought a new position in shares of Dorman Products in the first quarter worth about $48,000. Finally, Park Avenue Securities LLC boosted its stake in shares of Dorman Products by 4.6% in the 1st quarter. Park Avenue Securities LLC now owns 3,508 shares of the auto parts company's stock valued at $338,000 after purchasing an additional 155 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DORM has been the topic of a number of research reports. Roth Mkm reaffirmed a "buy" rating and set a $116.00 target price on shares of Dorman Products in a research note on Friday, June 14th. CJS Securities started coverage on Dorman Products in a research report on Friday, September 13th. They set an "outperform" rating and a $134.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $113.33.

Dorman Products Stock Down 0.1 %

Shares of NASDAQ DORM traded down $0.13 during midday trading on Thursday, hitting $110.50. 115,889 shares of the stock traded hands, compared to its average volume of 128,895. Dorman Products, Inc. has a one year low of $60.01 and a one year high of $119.28. The business has a 50 day moving average price of $110.29 and a two-hundred day moving average price of $98.91. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40. The company has a market cap of $3.43 billion, a PE ratio of 22.23 and a beta of 0.82.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its earnings results on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.19 by $0.48. The company had revenue of $502.95 million during the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, equities analysts predict that Dorman Products, Inc. will post 6.15 EPS for the current year.

Insider Buying and Selling

In other news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total transaction of $146,972.00. Following the sale, the senior vice president now directly owns 23,671 shares in the company, valued at $2,484,981.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Steven L. Berman sold 215 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the transaction, the director now directly owns 881,298 shares of the company's stock, valued at approximately $103,120,678.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $104.98, for a total value of $146,972.00. Following the completion of the transaction, the senior vice president now owns 23,671 shares of the company's stock, valued at approximately $2,484,981.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,028 shares of company stock worth $6,001,614. 10.00% of the stock is owned by company insiders.

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.