Creative Planning Has $782,000 Stake in Dorman Products, Inc. (NASDAQ:DORM)

Creative Planning increased its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 53.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,912 shares of the auto parts company’s stock after acquiring an additional 2,413 shares during the period. Creative Planning’s holdings in Dorman Products were worth $782,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Quest Partners LLC acquired a new position in shares of Dorman Products during the 2nd quarter valued at about $37,000. GAMMA Investing LLC grew its holdings in Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after buying an additional 187 shares during the last quarter. USA Financial Formulas acquired a new stake in Dorman Products in the 3rd quarter valued at approximately $58,000. Rothschild Investment LLC acquired a new stake in Dorman Products in the 2nd quarter valued at approximately $66,000. Finally, SG Americas Securities LLC acquired a new stake in Dorman Products in the 1st quarter valued at approximately $120,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Stock Performance

DORM opened at $127.79 on Friday. The firm has a market capitalization of $3.91 billion, a P/E ratio of 21.37 and a beta of 0.83. The stock’s 50 day moving average price is $113.58 and its two-hundred day moving average price is $101.32. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. Dorman Products, Inc. has a 12-month low of $64.89 and a 12-month high of $129.00.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.42. The business had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 17.15% and a net margin of 9.43%. Dorman Products’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. On average, equities analysts forecast that Dorman Products, Inc. will post 6.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, 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 on the stock. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $113.33.

Insider Activity

In other news, Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now directly owns 936,024 shares in the company, valued at approximately $108,316,697.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now directly owns 936,024 shares in the company, valued at approximately $108,316,697.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven L. Berman sold 16,071 shares of the business’s 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 sale, the director now owns 888,656 shares in the company, valued at approximately $103,572,856.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,297 shares of company stock worth $6,163,491. Company insiders own 10.00% of the company’s stock.

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.