Acadian Asset Management LLC Sells 214 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Acadian Asset Management LLC trimmed its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 12.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,463 shares of the auto parts company’s stock after selling 214 shares during the quarter. Acadian Asset Management LLC’s holdings in Dorman Products were worth $133,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Dorman Products during the 4th quarter valued at about $23,298,000. Jennison Associates LLC grew its stake in Dorman Products by 73.1% in the 1st quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock worth $27,316,000 after acquiring an additional 119,707 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Dorman Products during the first quarter worth approximately $10,907,000. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 41,849 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Dorman Products by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 987,403 shares of the auto parts company’s stock valued at $82,361,000 after purchasing an additional 26,724 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. CJS Securities initiated coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price for the company. Roth Mkm reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Dorman Products in a research note on Friday, June 14th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dorman Products currently has an average rating of “Buy” and an average target price of $113.33.

Insider Activity at Dorman Products

In other news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $98.98, for a total transaction of $138,572.00. Following the sale, the senior vice president now owns 25,071 shares in the company, valued at $2,481,527.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the transaction, the director now directly owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $98.98, for a total transaction of $138,572.00. Following the sale, the senior vice president now directly owns 25,071 shares in the company, valued at $2,481,527.58. The disclosure for this sale can be found here. Insiders have sold 50,303 shares of company stock valued at $5,801,318 in the last ninety days. Corporate insiders own 10.00% of the company’s stock.

Dorman Products Stock Performance

Shares of NASDAQ:DORM opened at $115.11 on Friday. The firm has a 50 day moving average of $106.99 and a 200 day moving average of $96.92. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 23.16 and a beta of 0.83. Dorman Products, Inc. has a 52 week low of $60.01 and a 52 week high of $119.28.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.19 by $0.48. The firm had revenue of $502.95 million during the quarter, compared to analyst estimates of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. Dorman Products’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 EPS. On average, sell-side analysts predict that Dorman Products, Inc. will post 6.15 earnings per share for the current fiscal year.

Dorman Products 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.