Dorman Products, Inc. (NASDAQ:DORM) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 4.1% in the third quarter, Holdings Channel reports. The fund owned 9,630 shares of the auto parts company’s stock after buying an additional 381 shares during the period. Nisa Investment Advisors LLC’s holdings in Dorman Products were worth $1,089,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Dorman Products in the third quarter valued at approximately $251,000. Violich Capital Management Inc. acquired a new position in Dorman Products during the third quarter worth $205,000. Raymond James & Associates boosted its stake in Dorman Products by 26.7% during the third quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company’s stock worth $3,944,000 after buying an additional 7,349 shares during the last quarter. Trust Point Inc. increased its stake in shares of Dorman Products by 2.4% in the 3rd quarter. Trust Point Inc. now owns 7,918 shares of the auto parts company’s stock worth $896,000 after acquiring an additional 183 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new position in shares of Dorman Products during the 3rd quarter worth $229,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Buying and Selling at Dorman Products

In other news, SVP Jeffery Darby sold 1,400 shares of the company’s stock in a transaction that occurred 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 directly owns 22,271 shares in the company, valued at approximately $2,538,448.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction dated 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 completion of the transaction, the director now directly owns 936,024 shares of the company’s stock, valued at $108,316,697.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $113.98, for a total transaction of $159,572.00. Following the sale, the senior vice president now directly owns 22,271 shares in the company, valued at $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 53,297 shares of company stock worth $6,163,491 over the last three months. Insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, 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 objective for the company. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $113.33.

Dorman Products Trading Up 12.1 %

Shares of Dorman Products stock opened at $127.79 on Monday. The stock has a 50 day moving average of $113.58 and a 200 day moving average of $101.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.19 and a current ratio of 2.40. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 21.37 and a beta of 0.83. Dorman Products, Inc. has a fifty-two week low of $64.89 and a fifty-two week high of $129.00.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.42. Dorman Products had a return on equity of 17.15% and a net margin of 9.43%. The firm had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same period last year, the company earned $1.40 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts predict that Dorman Products, Inc. will post 6.15 earnings per share 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.