Dorman Products, Inc. (NASDAQ:DORM) Position Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 10.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,093 shares of the auto parts company’s stock after selling 495 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dorman Products were worth $463,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Seizert Capital Partners LLC lifted its stake in Dorman Products by 37.0% in the third quarter. Seizert Capital Partners LLC now owns 45,836 shares of the auto parts company’s stock valued at $5,185,000 after buying an additional 12,367 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Dorman Products by 12.5% in the 3rd quarter. Natixis Advisors LLC now owns 27,482 shares of the auto parts company’s stock worth $3,109,000 after acquiring an additional 3,049 shares during the period. Royce & Associates LP lifted its position in Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after purchasing an additional 78,496 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new position in Dorman Products during the 3rd quarter valued at about $327,000. Finally, Oppenheimer Asset Management Inc. grew its position in Dorman Products by 41.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after purchasing an additional 3,993 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DORM shares. CJS Securities initiated coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective for the company. Roth Mkm reissued a “buy” rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. 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 target price of $125.67.

Dorman Products Stock Performance

Shares of NASDAQ DORM opened at $139.80 on Thursday. The stock’s fifty day simple moving average is $122.11 and its 200 day simple moving average is $107.12. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.88 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, Inc. has a 52-week low of $69.77 and a 52-week high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. The company had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. As a group, sell-side analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction on 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 of the company’s stock, valued at $2,364,251.58. This trade represents a 10.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 27,632 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the transaction, the director now owns 936,024 shares in the company, valued at $108,316,697.28. This represents a 2.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 64,988 shares of company stock valued at $7,795,833 over the last quarter. Company insiders own 10.00% of the company’s stock.

About Dorman Products

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.