Assenagon Asset Management S.A. Has $17.81 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

Assenagon Asset Management S.A. increased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 182.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,464 shares of the auto parts company’s stock after acquiring an additional 137,979 shares during the period. Assenagon Asset Management S.A. owned about 0.68% of Dorman Products worth $17,805,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Dorman Products during the 2nd quarter valued at about $26,000. Headinvest LLC acquired a new stake in shares of Dorman Products during the 3rd quarter valued at about $30,000. Dark Forest Capital Management LP boosted its position in shares of Dorman Products by 536.8% during the 1st quarter. Dark Forest Capital Management LP now owns 554 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 467 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Dorman Products by 119.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 861 shares of the auto parts company’s stock valued at $74,000 after acquiring an additional 469 shares in the last quarter. Finally, State of Wyoming boosted its position in Dorman Products by 25.6% in the second quarter. State of Wyoming now owns 884 shares of the auto parts company’s stock valued at $70,000 after buying an additional 180 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Trading Up 4.7 %

Shares of NASDAQ DORM opened at $97.43 on Thursday. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $97.70. The company has a market cap of $3.03 billion, a PE ratio of 23.76 and a beta of 0.81. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $87.05 and a two-hundred day moving average of $79.85.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.16. The business had revenue of $494.30 million during the quarter, compared to the consensus estimate of $494.86 million. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. Dorman Products’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. As a group, equities analysts expect that Dorman Products, Inc. will post 5.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. StockNews.com upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Roth Mkm restated a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a research report on Monday. Finally, Barrington Research restated an “outperform” rating and issued a $90.00 price target on shares of Dorman Products in a research report on Tuesday, February 27th.

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.