WCM Investment Management LLC Purchases 6,754 Shares of Dorman Products, Inc. (NASDAQ:DORM)

WCM Investment Management LLC boosted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 302,620 shares of the auto parts company's stock after purchasing an additional 6,754 shares during the quarter. WCM Investment Management LLC owned approximately 0.99% of Dorman Products worth $34,372,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DORM. Vanguard Group Inc. boosted its position in Dorman Products by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company's stock worth $292,282,000 after acquiring an additional 41,849 shares during the period. Dimensional Fund Advisors LP raised its position in Dorman Products by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company's stock valued at $94,136,000 after buying an additional 24,811 shares during the period. Summit Creek Advisors LLC raised its position in Dorman Products by 0.6% during the first quarter. Summit Creek Advisors LLC now owns 227,303 shares of the auto parts company's stock valued at $21,910,000 after buying an additional 1,400 shares during the period. Fiera Capital Corp purchased a new position in Dorman Products in the third quarter valued at about $25,571,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Dorman Products by 5.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company's stock worth $20,526,000 after acquiring an additional 10,915 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Trading Down 1.6 %

DORM traded down $2.22 during mid-day trading on Monday, reaching $135.54. The stock had a trading volume of 153,432 shares, compared to its average volume of 135,315. Dorman Products, Inc. has a 52 week low of $66.07 and a 52 week high of $146.60. 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 stock has a market capitalization of $4.14 billion, a P/E ratio of 22.67 and a beta of 0.83. The firm's fifty day simple moving average is $116.39 and its two-hundred day simple moving average is $103.49.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DORM shares. Roth Mkm reaffirmed a "buy" rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities assumed coverage on Dorman Products in a research report on Friday, September 13th. They set an "outperform" rating and a $134.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products has an average rating of "Buy" and a consensus price target of $125.67.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 215 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.01, for a total transaction of $25,157.15. Following the sale, the director now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Steven L. Berman sold 2,669 shares of Dorman Products stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $112.57, for a total value of $300,449.33. Following the sale, the director now owns 876,156 shares of the company's stock, valued at approximately $98,628,880.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 215 shares of Dorman Products stock in a transaction dated 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 sale, the director now directly owns 881,298 shares in the company, valued at approximately $103,120,678.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,833 shares of company stock valued at $7,050,877. 10.00% of the stock is owned by company 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.