Dorman Products, Inc. (NASDAQ:DORM) Stock Position Raised by Atria Investments Inc

Atria Investments Inc lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 83.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,290 shares of the auto parts company’s stock after acquiring an additional 2,413 shares during the quarter. Atria Investments Inc’s holdings in Dorman Products were worth $598,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fiera Capital Corp acquired a new stake in shares of Dorman Products in the third quarter worth $25,571,000. Vanguard Group Inc. boosted its position in shares of Dorman Products by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock worth $292,282,000 after buying an additional 41,849 shares during the period. Algert Global LLC raised its holdings in shares of Dorman Products by 404.4% during the second quarter. Algert Global LLC now owns 39,149 shares of the auto parts company’s stock worth $3,581,000 after acquiring an additional 31,387 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Dorman Products during the second quarter valued at $2,807,000. Finally, Dimensional Fund Advisors LP boosted its position 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 valued at $94,136,000 after purchasing an additional 24,811 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Jeffery Darby sold 2,400 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total transaction of $285,552.00. Following the transaction, the senior vice president now directly owns 19,871 shares in the company, valued at $2,364,251.58. The trade was a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven L. Berman sold 215 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.01, for a total value of $25,157.15. Following the transaction, the director now owns 881,298 shares in the company, valued at $103,120,678.98. This represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,110 shares of company stock valued at $7,492,584. Insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DORM shares. Roth Mkm reissued a “buy” rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities assumed coverage on Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target for the company. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and a consensus price target of $125.67.

Dorman Products Price Performance

NASDAQ DORM opened at $135.64 on Wednesday. Dorman Products, Inc. has a twelve month low of $69.77 and a twelve month high of $146.60. 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 stock has a market capitalization of $4.14 billion, a PE ratio of 22.68 and a beta of 0.83. The stock has a 50-day simple moving average of $119.59 and a 200 day simple moving average of $105.46.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping 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 business had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. During the same quarter in the previous year, the firm earned $1.40 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. Research analysts anticipate 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.