Captrust Financial Advisors Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

Captrust Financial Advisors purchased a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,824 shares of the auto parts company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in Dorman Products in the third quarter worth $2,014,000. Oppenheimer Asset Management Inc. grew its position in Dorman Products by 41.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after acquiring an additional 3,993 shares in the last quarter. Raymond James & Associates grew its position in Dorman Products by 26.7% in the third quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company’s stock worth $3,944,000 after acquiring an additional 7,349 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Dorman Products in the second quarter worth $2,807,000. Finally, Seizert Capital Partners LLC grew its position in Dorman Products by 37.0% in the third quarter. Seizert Capital Partners LLC now owns 45,836 shares of the auto parts company’s stock worth $5,185,000 after acquiring an additional 12,367 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Trading Down 0.2 %

NASDAQ:DORM opened at $136.92 on Tuesday. The company’s 50 day moving average price is $129.38 and its 200-day moving average price is $111.80. Dorman Products, Inc. has a 52 week low of $79.20 and a 52 week high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 22.90 and a beta of 0.87.

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 analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the previous year, the firm posted $1.40 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Mcknight sold 8,185 shares of Dorman Products stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the transaction, the insider now owns 8,902 shares in the company, valued at $1,240,404.68. This trade represents a 47.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Eric Luftig sold 3,278 shares of Dorman Products stock in a transaction on Monday, November 25th. The stock was sold at an average price of $141.19, for a total transaction of $462,820.82. Following the transaction, the senior vice president now owns 5,934 shares in the company, valued at $837,821.46. This represents a 35.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,141 shares of company stock valued at $5,453,204. Company insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DORM. Roth Mkm reiterated a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities assumed coverage on shares of Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target for the company. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target 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.