Handelsbanken Fonder AB Raises Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Handelsbanken Fonder AB lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,244 shares of the auto parts company’s stock after purchasing an additional 700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Dorman Products were worth $819,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DORM. Quest Partners LLC purchased a new stake in shares of Dorman Products during the second quarter worth approximately $37,000. Mather Group LLC. purchased a new stake in shares of Dorman Products during the first quarter worth approximately $48,000. Rothschild Investment LLC purchased a new stake in shares of Dorman Products during the second quarter worth approximately $66,000. SG Americas Securities LLC purchased a new stake in shares of Dorman Products during the first quarter worth approximately $120,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Dorman Products during the first quarter worth approximately $161,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Trading Up 3.1 %

Shares of DORM stock opened at $113.92 on Friday. The business’s fifty day moving average price is $110.51 and its 200 day moving average price is $99.10. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $119.28. The firm has a market capitalization of $3.53 billion, a PE ratio of 22.92 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data 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. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The firm had revenue of $502.95 million for the quarter, compared to analyst estimates of $497.46 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. Dorman Products’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Dorman Products, Inc. will post 6.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, CJS Securities started coverage on Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 price target for the company. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $113.33.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 1,331 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $116.05, for a total value of $154,462.55. Following the sale, the director now owns 879,967 shares of the company’s stock, valued at approximately $102,120,170.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dorman Products news, Director Steven L. Berman sold 1,331 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $116.05, for a total value of $154,462.55. Following the sale, the director now owns 879,967 shares of the company’s stock, valued at approximately $102,120,170.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven L. Berman sold 27,632 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the sale, the director now directly owns 936,024 shares in the company, valued at $108,316,697.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,028 shares of company stock valued at $6,001,614. Insiders own 10.00% of the company’s stock.

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.