Atria Investments Inc Buys 2,413 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Atria Investments Inc increased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 83.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,290 shares of the auto parts company’s stock after acquiring an additional 2,413 shares during the period. Atria Investments Inc’s holdings in Dorman Products were worth $598,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Dorman Products in the 2nd quarter valued at $37,000. GAMMA Investing LLC increased its position in shares of 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 in the last quarter. USA Financial Formulas bought a new stake in shares of Dorman Products in the 3rd quarter valued at $58,000. Finally, Rothschild Investment LLC bought a new position in Dorman Products during the 2nd quarter worth about $66,000. 84.70% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Steven L. Berman sold 27,632 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the sale, the director now directly owns 936,024 shares in the company, valued at approximately $108,316,697.28. This trade represents a 2.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeffery Darby sold 1,400 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $113.98, for a total transaction of $159,572.00. Following the completion of the sale, the senior vice president now owns 22,271 shares of the company’s stock, valued at $2,538,448.58. This trade represents a 5.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,110 shares of company stock worth $7,492,584 in the last quarter. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Roth Mkm reiterated a “buy” rating and set a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a 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 for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $125.67.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $135.64 on Wednesday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 22.68 and a beta of 0.83. The business has a 50-day moving average of $119.59 and a 200-day moving average of $105.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a fifty-two week low of $69.77 and a fifty-two week high of $146.60.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.43. The company had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Dorman Products’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. As a group, sell-side analysts predict that Dorman Products, Inc. will post 6.9 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.