American Century Companies Inc. Increases Holdings in Dorman Products, Inc. (NASDAQ:DORM)

American Century Companies Inc. raised its stake in Dorman Products, Inc. (NASDAQ:DORM) by 58.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,774 shares of the auto parts company’s stock after acquiring an additional 4,715 shares during the period. American Century Companies Inc.’s holdings in Dorman Products were worth $1,169,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC increased its position in shares of Dorman Products by 73.1% during the first quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock valued at $27,316,000 after acquiring an additional 119,707 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Dorman Products in the first quarter worth $10,907,000. Vanguard Group Inc. lifted its holdings in shares of Dorman Products by 1.4% during the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after purchasing an additional 41,849 shares in the last quarter. SG Americas Securities LLC increased its holdings in Dorman Products by 1,595.0% in the 2nd quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock worth $1,924,000 after buying an additional 19,794 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Dorman Products during the 4th quarter valued at about $1,625,000. Institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DORM shares. CJS Securities started coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective for the company. Roth Mkm reissued a “buy” rating and set a $116.00 price target on shares of Dorman Products in a report on Friday, June 14th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $113.33.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the firm’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 sale, the senior vice president now directly owns 19,871 shares of the company’s stock, valued at $2,364,251.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related 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 directly owns 19,871 shares of the company’s stock, valued at approximately $2,364,251.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the sale, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,849 shares of company stock worth $5,980,938. 10.00% of the stock is owned by corporate insiders.

Dorman Products Stock Down 0.4 %

DORM opened at $113.12 on Tuesday. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $119.28. The firm’s 50 day simple moving average is $108.58 and its two-hundred day simple moving average is $97.98. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $3.51 billion, a PE ratio of 22.76 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.19 by $0.48. The firm had revenue of $502.95 million for the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. As a group, equities analysts forecast that Dorman Products, Inc. will post 6.15 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.