Moody Aldrich Partners LLC grew its holdings in shares of Dorman Products Inc. (NASDAQ:DORM) by 18.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,821 shares of the auto parts company’s stock after buying an additional 7,597 shares during the period. Moody Aldrich Partners LLC’s holdings in Dorman Products were worth $3,678,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Xact Kapitalforvaltning AB raised its holdings in shares of Dorman Products by 19.0% during the third quarter. Xact Kapitalforvaltning AB now owns 5,644 shares of the auto parts company’s stock valued at $434,000 after buying an additional 900 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Dorman Products by 4.9% during the second quarter. Riverhead Capital Management LLC now owns 20,102 shares of the auto parts company’s stock valued at $1,373,000 after acquiring an additional 933 shares during the period. Legal & General Group Plc increased its stake in shares of Dorman Products by 1.8% during the first quarter. Legal & General Group Plc now owns 61,094 shares of the auto parts company’s stock valued at $4,028,000 after acquiring an additional 1,092 shares during the period. Anchor Capital Advisors LLC increased its stake in shares of Dorman Products by 0.6% during the second quarter. Anchor Capital Advisors LLC now owns 192,105 shares of the auto parts company’s stock valued at $13,123,000 after acquiring an additional 1,126 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Dorman Products by 18.2% during the second quarter. Bank of Montreal Can now owns 7,736 shares of the auto parts company’s stock valued at $528,000 after acquiring an additional 1,191 shares during the period. 78.46% of the stock is currently owned by institutional investors.
NASDAQ DORM opened at $81.11 on Friday. Dorman Products Inc. has a 12 month low of $56.36 and a 12 month high of $83.42. The company has a market cap of $2.55 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.41 and a beta of 1.07.
Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The firm had revenue of $247.95 million for the quarter, compared to analyst estimates of $234.46 million. Dorman Products had a net margin of 12.85% and a return on equity of 19.80%. Research analysts expect that Dorman Products Inc. will post 4.18 EPS for the current fiscal year.
DORM has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Barrington Research reiterated a “hold” rating and set a $16.00 price objective on shares of Dorman Products in a research note on Friday, October 5th. Finally, ValuEngine upgraded shares of Dorman Products from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.50.
In other Dorman Products news, SVP Jeffery Darby sold 1,367 shares of Dorman Products stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $76.13, for a total value of $104,069.71. Following the transaction, the senior vice president now owns 12,639 shares in the company, valued at $962,207.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mathias J. Barton sold 18,986 shares of Dorman Products stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $81.34, for a total transaction of $1,544,321.24. Following the completion of the transaction, the chief executive officer now owns 111,011 shares in the company, valued at approximately $9,029,634.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,278 shares of company stock worth $1,949,046. 11.90% of the stock is currently owned by company insiders.
Dorman Products Company Profile
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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