Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,300 shares of the auto parts company’s stock after selling 600 shares during the period. Swiss National Bank owned 0.17% of Dorman Products worth $5,803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DORM. Price T Rowe Associates Inc. MD raised its position in shares of Dorman Products by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,724 shares of the auto parts company’s stock worth $1,805,000 after acquiring an additional 953 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Dorman Products during the 1st quarter worth about $328,000. SG Americas Securities LLC raised its position in shares of Dorman Products by 1,595.0% during the 2nd quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock worth $1,924,000 after acquiring an additional 19,794 shares in the last quarter. Assenagon Asset Management S.A. raised its position 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. Finally, Leeward Investments LLC MA raised its position in shares of Dorman Products by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 140,036 shares of the auto parts company’s stock worth $12,810,000 after acquiring an additional 7,437 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Trading Down 2.1 %

NASDAQ:DORM opened at $139.80 on Thursday. The stock’s 50 day moving average price is $122.11 and its 200 day moving average price is $107.12. Dorman Products, Inc. has a 52-week low of $69.77 and a 52-week high of $146.60. The company has a market capitalization of $4.27 billion, a PE ratio of 23.38 and a beta of 0.83. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating 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 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 business posted $1.40 EPS. The company’s revenue was up 3.2% on a year-over-year basis. On average, research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Buying and Selling at Dorman Products

In related news, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $124.98, for a total value of $299,952.00. Following the sale, the senior vice president now directly owns 17,471 shares in the company, valued at $2,183,525.58. The trade was a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven L. Berman sold 2,669 shares of Dorman Products stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $112.57, for a total value of $300,449.33. Following the completion of the sale, the director now owns 876,156 shares in the company, valued at approximately $98,628,880.92. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,988 shares of company stock worth $7,795,833. 10.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on DORM. Roth Mkm restated a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. CJS Securities began coverage on Dorman Products in a research note 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, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $125.67.

Dorman Products Company 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.