Dorman Products, Inc. (NASDAQ:DORM) Position Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 12.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,285 shares of the auto parts company’s stock after selling 456 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Dorman Products were worth $301,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Parallel Advisors LLC lifted its holdings in Dorman Products by 277.4% in the fourth quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 233 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of Dorman Products in the 1st quarter worth approximately $34,000. Quest Partners LLC bought a new stake in shares of Dorman Products in the 4th quarter worth approximately $37,000. Mather Group LLC. acquired a new position in Dorman Products during the 1st quarter valued at approximately $48,000. Finally, Rothschild Investment LLC bought a new position in Dorman Products during the 2nd quarter worth $66,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DORM has been the subject of several analyst reports. CJS Securities began coverage on shares of 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 reissued a “buy” rating and set a $116.00 target price on shares of Dorman Products in a research note on Friday, June 14th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $113.33.

Dorman Products Trading Down 0.1 %

NASDAQ:DORM opened at $113.58 on Friday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 22.85 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. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $119.28. The business has a fifty day moving average of $108.34 and a 200-day moving average of $97.73.

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

Insider Activity

In related news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total transaction of $146,972.00. Following the sale, the senior vice president now owns 23,671 shares of the company’s stock, valued at $2,484,981.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $104.98, for a total transaction of $146,972.00. Following the transaction, the senior vice president now directly owns 23,671 shares in the company, valued at approximately $2,484,981.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 16,071 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 888,656 shares of the company’s stock, valued at approximately $103,572,856.80. The disclosure for this sale can be found here. Insiders sold 51,849 shares of company stock worth $5,980,938 over the last three months. Corporate insiders own 10.00% of the company’s stock.

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.