Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,878 shares of the auto parts company’s stock after acquiring an additional 190 shares during the quarter. Sei Investments Co.’s holdings in Dorman Products were worth $812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PEAK6 Investments LLC acquired a new stake in Dorman Products during the fourth quarter worth about $1,518,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Dorman Products by 210.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 28,700 shares of the auto parts company’s stock worth $2,394,000 after buying an additional 19,447 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Dorman Products during the 4th quarter valued at approximately $1,625,000. Vanguard Group Inc. grew its position in Dorman Products by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,990,436 shares of the auto parts company’s stock worth $249,432,000 after acquiring an additional 24,328 shares during the period. Finally, Mather Group LLC. acquired a new stake in Dorman Products during the first quarter worth $48,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

Dorman Products stock opened at $108.92 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19. The business has a 50 day simple moving average of $109.87 and a 200-day simple moving average of $98.75. Dorman Products, Inc. has a 12 month low of $60.01 and a 12 month high of $119.28. The stock has a market capitalization of $3.38 billion, a PE ratio of 21.92 and a beta of 0.82.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.48. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The firm had revenue of $502.95 million for the quarter, compared to analyst estimates of $497.46 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. Dorman Products’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Dorman Products, Inc. will post 6.15 earnings per share for the current year.

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 1,331 shares of Dorman Products stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $116.05, for a total value of $154,462.55. Following the completion of the sale, the director now owns 879,967 shares in the company, valued at $102,120,170.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $98.98, for a total value of $138,572.00. Following the completion of the sale, the senior vice president now directly owns 25,071 shares in the company, valued at approximately $2,481,527.58. This represents a 0.00 % 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, Director Steven L. Berman sold 1,331 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $116.05, for a total transaction of $154,462.55. Following the completion of the sale, the director now directly owns 879,967 shares of the company’s stock, valued at $102,120,170.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 52,028 shares of company stock valued at $6,001,614. Company insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DORM shares. CJS Securities began coverage on Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Roth Mkm reaffirmed a “buy” rating and set a $116.00 target price on shares of Dorman Products in a research note on Friday, June 14th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $113.33.

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.