Dorman Products, Inc. (NASDAQ:DORM) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 12.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,482 shares of the auto parts company’s stock after acquiring an additional 3,049 shares during the quarter. Natixis Advisors LLC owned 0.09% of Dorman Products worth $3,109,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Dorman Products by 1.4% in 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 purchasing an additional 41,849 shares during the period. Dimensional Fund Advisors LP increased its holdings in Dorman Products by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after buying an additional 24,811 shares in the last quarter. Royce & Associates LP increased its holdings in Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after buying an additional 78,496 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Dorman Products by 2.3% during the 3rd quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock valued at $34,372,000 after acquiring an additional 6,754 shares during the period. Finally, Fiera Capital Corp purchased a new stake in shares of Dorman Products during the 3rd quarter worth approximately $25,571,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Steven L. Berman sold 2,669 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $112.57, for a total value of $300,449.33. Following the transaction, the director now directly owns 876,156 shares in the company, valued at $98,628,880.92. This trade represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the transaction, the senior vice president now directly owns 22,271 shares in the company, valued at $2,538,448.58. This represents a 5.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,110 shares of company stock valued at $7,492,584. 10.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DORM shares. CJS Securities began coverage on Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 price objective for the company. Roth Mkm restated a “buy” rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $125.67.

Dorman Products Stock Up 1.8 %

DORM opened at $139.45 on Friday. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 23.32 and a beta of 0.83. Dorman Products, Inc. has a 12 month low of $69.77 and a 12 month high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The business has a 50-day moving average of $121.08 and a two-hundred day moving average of $106.21.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. During the same quarter in the prior year, the business posted $1.40 earnings per share. Dorman Products’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

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.