Charles Schwab Investment Management Inc. Has $39.66 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Charles Schwab Investment Management Inc. boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 350,615 shares of the auto parts company’s stock after acquiring an additional 3,365 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.15% of Dorman Products worth $39,662,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Dorman Products by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock worth $94,136,000 after buying an additional 24,811 shares during the last quarter. Royce & Associates LP lifted its position in Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after purchasing an additional 78,496 shares during the period. Jennison Associates LLC grew its holdings in Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after acquiring an additional 55,615 shares during the period. WCM Investment Management LLC increased its holdings in Dorman Products by 2.3% in the third 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 during the last quarter. Finally, Fiera Capital Corp bought a new stake in shares of Dorman Products in the 3rd quarter valued at about $25,571,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Up 0.4 %

Dorman Products stock opened at $140.59 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 23.51 and a beta of 0.83. The firm has a 50 day moving average price of $124.05 and a two-hundred day moving average price of $108.46. Dorman Products, Inc. has a 52-week low of $74.09 and a 52-week high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating 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 company had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same period last year, the business posted $1.40 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DORM shares. 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 price target for the company. Roth Mkm reiterated a “buy” rating and set a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $125.67.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 3,277 shares of Dorman Products stock in a transaction on Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction of $441,706.83. Following the sale, the senior vice president now directly owns 20,126 shares in the company, valued at approximately $2,712,783.54. This trade represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 936,024 shares in the company, valued at approximately $108,316,697.28. This represents a 2.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,988 shares of company stock worth $7,795,833. 10.00% of the stock is owned by corporate insiders.

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.