Oppenheimer Asset Management Inc. Has $1.55 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

Oppenheimer Asset Management Inc. increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 41.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,688 shares of the auto parts company's stock after purchasing an additional 3,993 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Dorman Products were worth $1,548,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DORM. Apollon Wealth Management LLC bought a new stake in Dorman Products during the third quarter worth $427,000. WCM Investment Management LLC lifted its stake in Dorman Products by 2.3% during the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company's stock worth $34,372,000 after purchasing an additional 6,754 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Dorman Products during the third quarter worth $236,000. Covestor Ltd lifted its stake in Dorman Products by 781.4% during 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 last quarter. Finally, Sheets Smith Wealth Management bought a new stake in Dorman Products during the third quarter worth $1,335,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Price Performance

Shares of DORM traded up $0.10 during trading hours on Monday, reaching $134.83. The stock had a trading volume of 57,289 shares, compared to its average volume of 136,269. Dorman Products, Inc. has a 12 month low of $69.77 and a 12 month high of $146.60. The stock has a market capitalization of $4.12 billion, a PE ratio of 22.53 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. The company's 50-day moving average is $118.55 and its two-hundred day moving average is $104.84.

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

Insider Activity at Dorman Products

In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the stock in a transaction dated Tuesday, September 17th. The stock was 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. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven L. Berman sold 27,632 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the sale, the director now owns 936,024 shares of the company's stock, valued at approximately $108,316,697.28. The trade was a 2.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,833 shares of company stock worth $7,050,877 over the last three months. Company insiders own 10.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DORM. CJS Securities began coverage on Dorman Products in a research note on Friday, September 13th. They set an "outperform" rating and a $134.00 target price for the company. Roth Mkm reiterated a "buy" rating and issued a $153.00 price target (up 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, According to data from MarketBeat.com, Dorman Products presently has a consensus rating of "Buy" and a consensus price target of $125.67.

Dorman Products Company 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.