Victory Capital Management Inc. Sells 1,178 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Victory Capital Management Inc. cut its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,815 shares of the auto parts company’s stock after selling 1,178 shares during the period. Victory Capital Management Inc.’s holdings in Dorman Products were worth $1,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky grew its position in Dorman Products by 210.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 28,700 shares of the auto parts company’s stock valued at $2,394,000 after buying an additional 19,447 shares during the period. UniSuper Management Pty Ltd purchased a new position in shares of Dorman Products during the 1st quarter worth $608,000. Assenagon Asset Management S.A. grew its position in shares of Dorman Products by 5.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock valued at $20,526,000 after acquiring an additional 10,915 shares during the period. PEAK6 Investments LLC increased its stake in shares of Dorman Products by 69.7% in the 1st 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. Finally, Trexquant Investment LP bought a new position in Dorman Products in the 4th quarter worth $1,640,000. 84.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Dorman Products news, Director Steven L. Berman sold 16,071 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.55, for a total transaction of $1,873,075.05. Following the completion of the sale, the director now directly owns 888,656 shares of the company’s stock, valued at approximately $103,572,856.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Jeffery Darby sold 2,400 shares of Dorman Products stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total value of $285,552.00. Following the sale, the senior vice president now directly owns 19,871 shares of the company’s stock, valued at $2,364,251.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Berman sold 16,071 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.55, for a total value of $1,873,075.05. Following the transaction, the director now directly owns 888,656 shares of the company’s stock, valued at $103,572,856.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,303 shares of company stock valued at $5,801,318. Corporate insiders own 10.00% of the company’s stock.

Dorman Products Stock Down 2.0 %

DORM opened at $115.11 on Friday. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 23.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40. The firm’s fifty day moving average is $106.99 and its 200 day moving average is $96.92. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $119.28.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.19 by $0.48. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The business had revenue of $502.95 million for the quarter, compared to the consensus estimate of $497.46 million. During the same period in the previous year, the business earned $1.01 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast 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.