Citigroup Inc. Has $4.04 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Citigroup Inc. raised its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 70.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,697 shares of the auto parts company’s stock after buying an additional 14,807 shares during the quarter. Citigroup Inc. owned 0.12% of Dorman Products worth $4,038,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

DORM has been the topic of a number of research reports. CJS Securities initiated coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective on the stock. Roth Mkm restated a “buy” rating and set a $153.00 price objective (up 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, Based on data from MarketBeat, Dorman Products has a consensus rating of “Buy” and an average target price of $125.67.

Insider Buying and Selling at Dorman Products

In related news, SVP Eric Luftig sold 3,278 shares of Dorman Products stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $141.19, for a total transaction of $462,820.82. Following the completion of the sale, the senior vice president now directly owns 5,934 shares of the company’s stock, valued at approximately $837,821.46. This trade represents a 35.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven L. Berman sold 27,632 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the transaction, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. This trade represents a 2.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,988 shares of company stock valued at $7,795,833. 10.00% of the stock is currently owned by company insiders.

Dorman Products Price Performance

Dorman Products stock opened at $138.46 on Wednesday. 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 firm has a market cap of $4.23 billion, a P/E ratio of 23.15 and a beta of 0.87. The business’s fifty day moving average is $124.51 and its two-hundred day moving average is $108.80. Dorman Products, Inc. has a 52 week low of $74.09 and a 52 week high of $146.60.

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

Dorman Products 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.