Royce & Associates LP Grows Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Royce & Associates LP boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 17.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 523,882 shares of the auto parts company’s stock after purchasing an additional 78,496 shares during the quarter. Royce & Associates LP’s holdings in Dorman Products were worth $59,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DORM. Fiera Capital Corp acquired a new position in shares of Dorman Products in the 3rd quarter valued at $25,571,000. Vanguard Group Inc. lifted its position in Dorman Products by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after buying an additional 41,849 shares in the last quarter. Algert Global LLC grew its stake in Dorman Products by 404.4% during the second quarter. Algert Global LLC now owns 39,149 shares of the auto parts company’s stock worth $3,581,000 after buying an additional 31,387 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Dorman Products in the 2nd quarter valued at $2,807,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Dorman Products by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after acquiring an additional 24,811 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Stock Performance

NASDAQ:DORM opened at $135.96 on Friday. The firm has a 50-day moving average of $118.03 and a two-hundred day moving average of $104.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock has a market cap of $4.15 billion, a P/E ratio of 22.74 and a beta of 0.83. Dorman Products, Inc. has a 1-year low of $69.63 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results 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. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the prior year, the business posted $1.40 earnings per share. Dorman Products’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Roth Mkm reissued a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities assumed coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target for the company. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products has an average rating of “Buy” and a consensus target price of $125.67.

Insider Activity

In other news, SVP Scott Leff sold 5,536 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total transaction of $734,405.76. Following the transaction, the senior vice president now owns 13,336 shares of the company’s stock, valued at approximately $1,769,153.76. This trade represents a 29.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the transaction, the senior vice president now owns 22,271 shares of the company’s stock, valued at $2,538,448.58. This trade represents a 5.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 59,833 shares of company stock worth $7,050,877. 10.00% of the stock is currently owned by insiders.

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.