Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,366 shares of the auto parts company’s stock after purchasing an additional 3,806 shares during the period. Nordea Investment Management AB’s holdings in Dorman Products were worth $12,493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Westside Investment Management Inc. acquired a new position in Dorman Products during the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC grew its stake in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 273 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Dorman Products during the third quarter valued at about $31,000. Quest Partners LLC purchased a new position in shares of Dorman Products in the 2nd quarter valued at approximately $37,000. Finally, Covestor Ltd boosted its stake in Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 8,485 shares of Dorman Products stock in a transaction on Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the completion of the transaction, the director now owns 867,671 shares of the company’s stock, valued at approximately $118,723,422.93. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffery Darby sold 2,400 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.98, for a total transaction of $299,952.00. Following the sale, the senior vice president now directly owns 17,471 shares in the company, valued at approximately $2,183,525.58. The trade was a 12.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,593 shares of company stock worth $4,907,310. Insiders own 10.00% of the company’s stock.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $125.76 on Thursday. Dorman Products, Inc. has a twelve month low of $79.30 and a twelve month high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.84 billion, a PE ratio of 21.03 and a beta of 0.89. The company’s 50 day moving average is $134.64 and its 200 day moving average is $116.29.

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