Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,093 shares of the auto parts company’s stock after selling 495 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dorman Products were worth $463,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. 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 grew its holdings in shares of Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after acquiring an additional 78,496 shares during the period. WCM Investment Management LLC increased its stake in Dorman Products by 2.3% in 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 purchasing an additional 6,754 shares in the last quarter. Fiera Capital Corp acquired a new position in Dorman Products during the third quarter worth $25,571,000. Finally, Assenagon Asset Management S.A. boosted its position in Dorman Products by 5.1% during the second quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after purchasing an additional 10,915 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Eric Luftig sold 3,278 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $141.19, for a total value of $462,820.82. Following the completion of the sale, the senior vice president now directly owns 5,934 shares in the company, valued at approximately $837,821.46. This represents a 35.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donna M. Long sold 3,277 shares of Dorman Products stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $134.79, for a total transaction of $441,706.83. Following the sale, the senior vice president now owns 20,126 shares in the company, valued at $2,712,783.54. This represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,988 shares of company stock valued at $7,795,833. 10.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DORM shares. 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. CJS Securities assumed coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price for the company. Four research analysts have rated the stock with a buy rating, According to MarketBeat, Dorman Products presently has an average rating of “Buy” and an average target price of $125.67.

Dorman Products Price Performance

DORM opened at $139.80 on Thursday. Dorman Products, Inc. has a 1 year low of $69.77 and a 1 year high of $146.60. The company’s 50 day simple moving average is $122.11 and its 200 day simple moving average is $107.12. The stock has a market capitalization of $4.27 billion, a PE ratio of 23.88 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating 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 company 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 company earned $1.40 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Dorman Products Company 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.