UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in Dorman Products, Inc. (NASDAQ:DORM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 11.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,170 shares of the auto parts company's stock after selling 5,590 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Dorman Products worth $4,997,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Equitable Trust Co. boosted its stake in Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company's stock worth $508,000 after purchasing an additional 97 shares during the period. Inspire Advisors LLC raised its holdings in shares of Dorman Products by 1.3% in the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company's stock valued at $794,000 after buying an additional 112 shares during the last quarter. Creative Planning boosted its stake in shares of Dorman Products by 3.3% during the second quarter. Creative Planning now owns 4,499 shares of the auto parts company's stock worth $412,000 after buying an additional 144 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Dorman Products by 28.3% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company's stock worth $75,000 after buying an additional 146 shares during the period. Finally, Procyon Advisors LLC increased its position in Dorman Products by 7.1% in the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company's stock valued at $309,000 after acquiring an additional 180 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Dorman Products Stock Performance

NASDAQ DORM traded down $1.67 on Thursday, hitting $139.84. 130,123 shares of the company's stock were exchanged, compared to its average volume of 136,629. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 23.66 and a beta of 0.87. The firm's 50-day moving average price is $127.66 and its two-hundred day moving average price is $110.68. Dorman Products, Inc. has a fifty-two week low of $74.27 and a fifty-two week high of $146.60. 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 (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. Dorman Products's quarterly revenue was up 3.2% on a year-over-year basis. On average, research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Activity

In related news, SVP Scott Leff sold 5,536 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total value of $734,405.76. Following the sale, the senior vice president now directly owns 13,336 shares in the company, valued at $1,769,153.76. The trade was a 29.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven L. Berman sold 27,632 shares of Dorman Products 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 73,173 shares of company stock worth $8,936,331 in the last 90 days. 10.00% of the stock is currently owned by corporate insiders.

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.