Farther Finance Advisors LLC Grows Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Farther Finance Advisors LLC grew its position in Dorman Products, Inc. (NASDAQ:DORM) by 5,460.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278 shares of the auto parts company’s stock after buying an additional 273 shares during the quarter. Farther Finance Advisors LLC’s holdings in Dorman Products were worth $31,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Dorman Products by 3.7% during the third quarter. US Bancorp DE now owns 8,382 shares of the auto parts company’s stock valued at $948,000 after purchasing an additional 298 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Dorman Products by 11.9% in the 3rd quarter. New York State Teachers Retirement System now owns 23,659 shares of the auto parts company’s stock valued at $2,676,000 after acquiring an additional 2,509 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Dorman Products by 4.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,630 shares of the auto parts company’s stock worth $1,089,000 after acquiring an additional 381 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Dorman Products during the 3rd quarter worth $251,000. Finally, Violich Capital Management Inc. bought a new stake in Dorman Products during the third quarter valued at about $205,000. Institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

NASDAQ DORM opened at $135.96 on Friday. 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 stock’s fifty day moving average price is $118.03 and its 200 day moving average price is $104.29. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 22.74 and a beta of 0.83. Dorman Products, Inc. has a 1 year low of $69.63 and a 1 year high of $146.60.

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

Insiders Place Their Bets

In related news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $113.98, for a total value of $159,572.00. Following the sale, the senior vice president now directly owns 22,271 shares in the company, valued at approximately $2,538,448.58. The trade was a 5.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $3,197,575.04. Following the sale, the director now owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. This trade represents a 2.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,833 shares of company stock worth $7,050,877. Corporate insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

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

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.