Park Avenue Securities LLC Has $338,000 Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Park Avenue Securities LLC raised its position in Dorman Products, Inc. (NASDAQ:DORM) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,508 shares of the auto parts company’s stock after purchasing an additional 155 shares during the quarter. Park Avenue Securities LLC’s holdings in Dorman Products were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Dorman Products in the 4th quarter valued at about $23,298,000. Assenagon Asset Management S.A. boosted its holdings in shares of Dorman Products by 182.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company’s stock valued at $17,805,000 after buying an additional 137,979 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Dorman Products by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 987,403 shares of the auto parts company’s stock worth $82,361,000 after buying an additional 26,724 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Dorman Products by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,990,436 shares of the auto parts company’s stock worth $249,432,000 after purchasing an additional 24,328 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Dorman Products during the 4th quarter worth approximately $1,640,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Dorman Products news, SVP Donna M. Long sold 500 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $92.06, for a total transaction of $46,030.00. Following the transaction, the senior vice president now owns 20,126 shares in the company, valued at $1,852,799.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

DORM has been the topic of several research analyst reports. Roth Mkm reissued a “buy” rating and issued a $116.00 price objective on shares of Dorman Products in a research report on Friday, June 14th. StockNews.com raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th.

Dorman Products Trading Up 1.0 %

NASDAQ DORM opened at $91.48 on Monday. The business’s fifty day moving average is $91.16 and its 200 day moving average is $88.35. Dorman Products, Inc. has a twelve month low of $60.01 and a twelve month high of $98.55. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 18.41 and a beta of 0.83. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 0.40.

Dorman Products (NASDAQ:DORM) last released its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.49. The business had revenue of $468.70 million during the quarter, compared to the consensus estimate of $472.35 million. Dorman Products had a net margin of 8.10% and a return on equity of 14.61%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. As a group, sell-side analysts expect that Dorman Products, Inc. will post 5.64 EPS 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.