Dimensional Fund Advisors LP Raises Position in Dorman Products, Inc. (NASDAQ:DORM)

Dimensional Fund Advisors LP lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,029,044 shares of the auto parts company’s stock after buying an additional 24,811 shares during the quarter. Dimensional Fund Advisors LP owned 3.32% of Dorman Products worth $94,136,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DORM. Norges Bank purchased a new stake in shares of Dorman Products during the fourth quarter valued at approximately $23,298,000. Corient Private Wealth LLC lifted its holdings in Dorman Products by 3.2% in the 4th quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock worth $486,000 after buying an additional 181 shares in the last quarter. Trexquant Investment LP purchased a new position in Dorman Products in the 4th quarter valued at about $1,640,000. Quest Partners LLC acquired a new stake in shares of Dorman Products during the fourth quarter valued at about $37,000. Finally, Parallel Advisors LLC increased its position in shares of Dorman Products by 277.4% during the fourth quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 233 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Steven L. Berman sold 215 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.01, for a total transaction of $25,157.15. Following the sale, the director now owns 881,298 shares in the company, valued at $103,120,678.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Steven L. Berman sold 215 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.01, for a total transaction of $25,157.15. Following the completion of the transaction, the director now directly owns 881,298 shares of the company’s stock, valued at $103,120,678.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $98.98, for a total value of $138,572.00. Following the sale, the senior vice president now owns 25,071 shares in the company, valued at $2,481,527.58. The disclosure for this sale can be found here. In the last three months, insiders sold 50,518 shares of company stock valued at $5,826,475. Company insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Roth Mkm reissued a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a report on Friday, June 14th. CJS Securities initiated coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $113.33.

Dorman Products Stock Up 0.3 %

Shares of Dorman Products stock opened at $115.30 on Wednesday. The business has a 50-day moving average price of $107.61 and a 200 day moving average price of $97.34. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $119.28. The firm has a market cap of $3.58 billion, a P/E ratio of 23.20 and a beta of 0.83. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. On average, sell-side analysts forecast that Dorman Products, Inc. will post 6.15 earnings per share for the current fiscal 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.