Fmr LLC Acquires 1,290 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Fmr LLC increased its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 63.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,322 shares of the auto parts company’s stock after acquiring an additional 1,290 shares during the period. Fmr LLC’s holdings in Dorman Products were worth $376,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DORM. Farther Finance Advisors LLC lifted its holdings in shares of Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Dorman Products during the 3rd quarter valued at $31,000. Quest Partners LLC purchased a new position in Dorman Products during the 2nd quarter worth $37,000. Covestor Ltd grew its stake in shares of Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 187 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $130.36 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 21.80 and a beta of 0.87. Dorman Products, Inc. has a 1-year low of $79.20 and a 1-year high of $146.60. The stock has a fifty day simple moving average of $130.27 and a two-hundred day simple moving average of $112.22.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating 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 company had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. During the same period in the prior year, the company posted $1.40 EPS. Dorman Products’s revenue was up 3.2% compared to the same quarter last year. Analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DORM. CJS Securities initiated coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $125.67.

Insider Buying and Selling

In other news, Director Steven L. Berman sold 1,331 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $116.05, for a total value of $154,462.55. Following the sale, the director now directly owns 879,967 shares of the company’s stock, valued at approximately $102,120,170.35. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Mcknight sold 8,185 shares of the business’s 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 of the company’s stock, valued at $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,340 shares of company stock valued at $4,715,974. Corporate insiders own 10.00% of the company’s stock.

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.