Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 69.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 53,131 shares of the auto parts company’s stock after selling 121,484 shares during the quarter. Assenagon Asset Management S.A. owned about 0.17% of Dorman Products worth $6,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fiera Capital Corp purchased a new position in shares of Dorman Products in the 3rd quarter valued at $25,571,000. State Street Corp boosted its stake in Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after acquiring an additional 87,780 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Dorman Products by 173.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after buying an additional 84,613 shares during the last quarter. Royce & Associates LP increased 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 valued at $59,262,000 after acquiring an additional 78,496 shares during the period. Finally, Jennison Associates LLC increased its stake in Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after purchasing an additional 55,615 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $124.98, for a total value of $299,952.00. Following the transaction, the senior vice president now owns 17,471 shares in the company, valued at $2,183,525.58. The trade was a 12.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven L. Berman sold 285 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the sale, the director now owns 833,527 shares of the company’s stock, valued at $102,940,584.50. This represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,312 shares of company stock valued at $5,037,766 over the last quarter. Company insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

Separately, 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. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $125.67.

Dorman Products Trading Down 0.6 %

Shares of DORM opened at $129.60 on Monday. The stock has a fifty day moving average of $133.92 and a two-hundred day moving average of $118.19. Dorman Products, Inc. has a fifty-two week low of $79.43 and a fifty-two week high of $146.60. The company has a market capitalization of $3.96 billion, a PE ratio of 21.67 and a beta of 0.89. 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 posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (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 firm had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the prior year, the company earned $1.40 EPS. The company’s revenue was up 3.2% on a year-over-year basis. As a group, analysts forecast 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.