Captrust Financial Advisors Takes $206,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

Captrust Financial Advisors bought a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,824 shares of the auto parts company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fiera Capital Corp bought a new stake in Dorman Products during the third quarter worth $25,571,000. Royce & Associates LP lifted its stake in Dorman Products by 17.6% during the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after purchasing an additional 78,496 shares during the last quarter. Jennison Associates LLC lifted its stake in Dorman Products by 13.9% during the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after purchasing an additional 55,615 shares during the last quarter. Algert Global LLC lifted its stake in Dorman Products by 404.4% during the second quarter. Algert Global LLC now owns 39,149 shares of the auto parts company’s stock worth $3,581,000 after purchasing an additional 31,387 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Dorman Products during the second quarter worth $2,807,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Stock Performance

Shares of DORM opened at $136.92 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock has a 50-day moving average of $129.38 and a 200-day moving average of $111.80. The company has a market cap of $4.18 billion, a PE ratio of 22.90 and a beta of 0.87. Dorman Products, Inc. has a one year low of $79.20 and a one year high of $146.60.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DORM shares. Roth Mkm reiterated a “buy” rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. CJS Securities started coverage on Dorman Products in a research note on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target for the company. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, Dorman Products has an average rating of “Buy” and a consensus target price of $125.67.

Insiders Place Their Bets

In related news, Director Steven L. Berman sold 16,071 shares of Dorman Products stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.55, for a total value of $1,873,075.05. Following the sale, the director now owns 888,656 shares of the company’s stock, valued at approximately $103,572,856.80. The trade was a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 in the company, valued at $837,821.46. This trade represents a 35.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,141 shares of company stock valued at $5,453,204 in the last 90 days. 10.00% of the stock is currently owned by corporate insiders.

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.