Victory Capital Management Inc. Sells 73 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Victory Capital Management Inc. trimmed its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,742 shares of the auto parts company’s stock after selling 73 shares during the quarter. Victory Capital Management Inc.’s holdings in Dorman Products were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiera Capital Corp acquired a new position in Dorman Products in the third quarter valued at approximately $25,571,000. Vanguard Group Inc. lifted its position in shares of Dorman Products by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after acquiring an additional 41,849 shares during the period. Algert Global LLC boosted its stake in 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 bought a new position in Dorman Products during the second quarter worth $2,807,000. Finally, Dimensional Fund Advisors LP grew its holdings in Dorman Products by 2.5% in 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 purchasing an additional 24,811 shares during the period. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DORM. CJS Securities started coverage on Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price for the company. Roth Mkm reiterated a “buy” rating and issued a $153.00 price target (up previously 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 data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $125.67.

Dorman Products Trading Up 0.8 %

DORM opened at $142.83 on Wednesday. Dorman Products, Inc. has a fifty-two week low of $69.77 and a fifty-two week high of $146.60. The firm has a market capitalization of $4.36 billion, a PE ratio of 23.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company’s 50-day moving average is $121.59 and its 200 day moving average is $106.77.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 earnings per share. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Jeffery Darby sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total value of $285,552.00. Following the transaction, the senior vice president now owns 19,871 shares in the company, valued at $2,364,251.58. The trade was a 10.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donna M. Long sold 3,277 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the sale, the senior vice president now directly owns 20,126 shares of the company’s stock, valued at $2,712,783.54. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,710 shares of company stock valued at $7,333,012 in the last three months. 10.00% of the stock is currently owned by 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.