Dorman Products, Inc. (NASDAQ:DORM) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its stake in Dorman Products, Inc. (NASDAQ:DORM) by 28.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 662 shares of the auto parts company’s stock after acquiring an additional 146 shares during the period. First Horizon Advisors Inc.’s holdings in Dorman Products were worth $75,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiera Capital Corp purchased a new stake in shares of Dorman Products during the 3rd quarter worth about $25,571,000. Royce & Associates LP grew its stake in Dorman Products by 17.6% during the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after buying an additional 78,496 shares during the period. Jennison Associates LLC increased its position in shares of Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after acquiring an additional 55,615 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Dorman Products by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after acquiring an additional 41,849 shares during the period. Finally, Algert Global LLC raised its stake in shares of Dorman Products by 404.4% in the 2nd quarter. Algert Global LLC now owns 39,149 shares of the auto parts company’s stock valued at $3,581,000 after acquiring an additional 31,387 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Dorman Products Stock Performance

Shares of DORM opened at $139.45 on Monday. The stock has a market capitalization of $4.26 billion, a PE ratio of 23.32 and a beta of 0.83. The business’s fifty day moving average price is $121.08 and its 200 day moving average price is $106.42. 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, Inc. has a 12-month low of $69.77 and a 12-month high of $146.60.

Dorman Products (NASDAQ:DORM) 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 analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. During the same period last year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Activity

In other news, SVP Donna M. Long sold 3,277 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $134.79, for a total transaction of $441,706.83. Following the completion of the transaction, the senior vice president now owns 20,126 shares in the company, valued at approximately $2,712,783.54. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction dated Tuesday, September 17th. The shares were 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 owns 19,871 shares in the company, valued at approximately $2,364,251.58. This represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,710 shares of company stock valued at $7,333,012. 10.00% of the stock is currently owned by 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.