Orion Portfolio Solutions LLC Has $2.29 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Orion Portfolio Solutions LLC lifted its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 60.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,223 shares of the auto parts company's stock after acquiring an additional 7,586 shares during the period. Orion Portfolio Solutions LLC owned about 0.07% of Dorman Products worth $2,288,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DORM. Fiera Capital Corp acquired a new position in Dorman Products in the third quarter valued at approximately $25,571,000. State Street Corp lifted its holdings in shares of Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock worth $125,374,000 after purchasing an additional 87,780 shares during the last quarter. Royce & Associates LP boosted its position in Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company's stock valued at $59,262,000 after purchasing an additional 78,496 shares during the period. Jennison Associates LLC grew its stake in Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company's stock worth $51,453,000 after buying an additional 55,615 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its position in 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 during the period. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Performance

Shares of NASDAQ:DORM traded down $1.67 on Thursday, hitting $139.84. The company's stock had a trading volume of 85,539 shares, compared to its average volume of 136,443. Dorman Products, Inc. has a 12 month low of $74.27 and a 12 month high of $146.60. The stock's 50-day moving average is $127.66 and its two-hundred day moving average is $110.68. 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 has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.66 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million for the quarter, compared to analysts' expectations of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. Dorman Products's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. On average, equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analysts Set New Price Targets

DORM has been the subject of several analyst reports. CJS Securities assumed coverage on shares of Dorman Products in a report on Friday, September 13th. They set an "outperform" rating and a $134.00 price target for the company. Roth Mkm reiterated a "buy" rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $125.67.

Insider Buying and Selling

In related news, SVP Jeffery Darby sold 2,400 shares of Dorman Products 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 transaction, the senior vice president now directly owns 19,871 shares of the company's stock, valued at $2,364,251.58. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Berman sold 2,669 shares of the company's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $112.57, for a total transaction of $300,449.33. Following the completion of the sale, the director now directly owns 876,156 shares of the company's stock, valued at $98,628,880.92. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,173 shares of company stock valued at $8,936,331 over the last quarter. Corporate insiders own 10.00% of the company's stock.

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.