Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its stake in Dorman Products, Inc. (NASDAQ:DORM) by 51.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,798 shares of the auto parts company’s stock after selling 2,950 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Dorman Products were worth $317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UniSuper Management Pty Ltd purchased a new position in Dorman Products in the first quarter valued at $608,000. Assenagon Asset Management S.A. increased its position in shares of Dorman Products by 5.1% during the second quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after purchasing an additional 10,915 shares in the last quarter. PEAK6 Investments LLC increased its position in shares of Dorman Products by 69.7% during the first quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock worth $2,978,000 after purchasing an additional 12,691 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Dorman Products by 1,595.0% during the second quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock worth $1,924,000 after purchasing an additional 19,794 shares in the last quarter. Finally, Raymond James & Associates increased its position in Dorman Products by 26.7% in the 3rd quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company’s stock valued at $3,944,000 after acquiring an additional 7,349 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Trading Down 0.9 %

Shares of DORM opened at $134.73 on Monday. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.11 billion, a P/E ratio of 22.53 and a beta of 0.83. The stock’s fifty day simple moving average is $118.55 and its 200 day simple moving average is $104.84. Dorman Products, Inc. has a twelve month low of $69.63 and a twelve month high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping 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 business had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same period last year, the company posted $1.40 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Activity

In related news, Director Steven L. Berman sold 215 shares of Dorman Products stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the transaction, the director now directly owns 881,298 shares in the company, valued at approximately $103,120,678.98. This trade represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery Darby sold 1,400 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $113.98, for a total transaction of $159,572.00. Following the completion of the transaction, the senior vice president now directly owns 22,271 shares in the company, valued at $2,538,448.58. This represents a 5.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,833 shares of company stock worth $7,050,877 over the last ninety days. Corporate insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

DORM has been the topic of several recent research reports. Roth Mkm restated a “buy” rating and issued a $153.00 price target (up previously 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 set an “outperform” rating and a $134.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target 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.