Geneva Capital Management LLC Decreases Stake in Dorman Products, Inc. (NASDAQ:DORM)

Geneva Capital Management LLC reduced its position in Dorman Products, Inc. (NASDAQ:DORM) by 24.0% during the third quarter, HoldingsChannel reports. The fund owned 436,102 shares of the auto parts company’s stock after selling 137,396 shares during the quarter. Geneva Capital Management LLC’s holdings in Dorman Products were worth $49,332,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake 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 buying an additional 41,849 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Dorman Products by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after acquiring an additional 24,811 shares during the period. WCM Investment Management LLC lifted its position in shares of Dorman Products by 2.3% during the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after acquiring an additional 6,754 shares in the last quarter. Summit Creek Advisors LLC lifted its position in shares of Dorman Products by 0.6% during the first quarter. Summit Creek Advisors LLC now owns 227,303 shares of the auto parts company’s stock worth $21,910,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Fiera Capital Corp bought a new position in shares of Dorman Products in the third quarter worth $25,571,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Dorman Products Trading Up 1.8 %

Shares of DORM stock opened at $138.00 on Wednesday. The company has a market capitalization of $4.21 billion, a PE ratio of 23.08 and a beta of 0.83. Dorman Products, Inc. has a 52-week low of $66.07 and a 52-week high of $146.60. The business’s fifty day moving average is $116.96 and its 200 day moving average is $103.83. 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 released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating 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 firm had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. During the same quarter last year, the firm posted $1.40 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other news, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the transaction, the senior vice president now owns 22,271 shares of the company’s stock, valued at $2,538,448.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Steven L. Berman sold 27,632 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the transaction, the director now directly owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jeffery Darby sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the sale, the senior vice president now directly owns 22,271 shares of the company’s stock, valued at approximately $2,538,448.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,833 shares of company stock worth $7,050,877 over the last three months. 10.00% of the stock is 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.