TD Asset Management Inc Takes $467,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

TD Asset Management Inc bought a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,100 shares of the auto parts company’s stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DORM. Norges Bank acquired a new stake in Dorman Products in the 4th quarter valued at approximately $23,298,000. Jennison Associates LLC raised its position in Dorman Products by 73.1% in the 1st quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock valued at $27,316,000 after buying an additional 119,707 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Dorman Products during the 1st quarter worth approximately $10,907,000. Vanguard Group Inc. increased its position in shares of Dorman Products by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock worth $292,282,000 after purchasing an additional 41,849 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Dorman Products by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 987,403 shares of the auto parts company’s stock worth $82,361,000 after purchasing an additional 26,724 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

DORM has been the topic of several recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $116.00 price target on shares of Dorman Products in a research report on Friday, June 14th. CJS Securities initiated coverage on Dorman Products in a research report on Friday. They set an “outperform” rating and a $134.00 price target on the stock. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and an average target price of $113.33.

Insider Buying and Selling

In related news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $113.98, for a total transaction of $159,572.00. Following the transaction, the senior vice president now directly owns 22,271 shares of the company’s stock, valued at approximately $2,538,448.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 4,200 shares of company stock valued at $445,116. 10.00% of the stock is owned by insiders.

Dorman Products Stock Up 3.1 %

DORM stock opened at $115.24 on Monday. 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 firm has a market capitalization of $3.57 billion, a PE ratio of 23.19 and a beta of 0.83. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $115.62. The business’s 50 day simple moving average is $104.35 and its 200 day simple moving average is $96.14.

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

About Dorman Products

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.