Victory Capital Management Inc. Sells 73 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Victory Capital Management Inc. trimmed its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,742 shares of the auto parts company’s stock after selling 73 shares during the quarter. Victory Capital Management Inc.’s holdings in Dorman Products were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Equitable Trust Co. lifted its position in shares of Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock valued at $508,000 after buying an additional 97 shares during the last quarter. Inspire Advisors LLC increased its stake in shares of Dorman Products by 1.3% in the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock worth $794,000 after purchasing an additional 112 shares in the last quarter. Creative Planning raised its position in shares of Dorman Products by 3.3% in the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after purchasing an additional 144 shares during the period. Procyon Advisors LLC grew its stake in Dorman Products by 7.1% in the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock valued at $309,000 after buying an additional 180 shares in the last quarter. Finally, Trust Point Inc. raised its holdings in Dorman Products by 2.4% during the 3rd quarter. Trust Point Inc. now owns 7,918 shares of the auto parts company’s stock valued at $896,000 after acquiring an additional 183 shares during the period. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Up 0.8 %

Shares of NASDAQ:DORM opened at $142.83 on Wednesday. The firm has a fifty day moving average price of $121.59 and a two-hundred day moving average price of $106.77. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 23.63 and a beta of 0.83. 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 one year low of $69.77 and a one year high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its 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 return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. During the same period in the previous year, the business earned $1.40 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Dorman Products 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 transaction of $285,552.00. Following the completion of the sale, the senior vice president now owns 19,871 shares of the company’s stock, valued at $2,364,251.58. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 215 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the transaction, the director now owns 881,298 shares of the company’s stock, valued at $103,120,678.98. The trade was a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,710 shares of company stock worth $7,333,012. Insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. CJS Securities initiated coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target for the company. Roth Mkm reissued a “buy” rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dorman Products presently has an average rating of “Buy” and an average target price of $125.67.

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.