Farther Finance Advisors LLC Boosts Stake in Dorman Products, Inc. (NASDAQ:DORM)

Farther Finance Advisors LLC boosted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 5,460.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 278 shares of the auto parts company’s stock after acquiring an additional 273 shares during the period. Farther Finance Advisors LLC’s holdings in Dorman Products were worth $31,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DORM. Quest Partners LLC purchased a new stake in shares of Dorman Products in the second quarter valued at approximately $37,000. GAMMA Investing LLC grew its holdings in Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after buying an additional 187 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Dorman Products in the 3rd quarter worth $58,000. Rothschild Investment LLC acquired a new stake in shares of Dorman Products in the 2nd quarter worth $66,000. Finally, SG Americas Securities LLC purchased a new position in shares of Dorman Products during the 1st quarter worth $120,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 2,669 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $112.57, for a total value of $300,449.33. Following the completion of the transaction, the director now owns 876,156 shares of the company’s stock, valued at $98,628,880.92. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Scott Leff sold 5,536 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total transaction of $734,405.76. Following the completion of the transaction, the senior vice president now owns 13,336 shares of the company’s stock, valued at approximately $1,769,153.76. This trade represents a 29.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,833 shares of company stock worth $7,050,877 in the last three months. 10.00% of the stock is owned by company insiders.

Dorman Products Stock Performance

Shares of DORM stock opened at $135.96 on Friday. Dorman Products, Inc. has a one year low of $69.63 and a one year high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm’s 50 day moving average price is $118.03 and its 200-day moving average price is $104.29. The firm has a market cap of $4.15 billion, a P/E ratio of 22.74 and a beta of 0.83.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DORM shares. Roth Mkm reissued a “buy” rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities assumed coverage on shares of 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 data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $125.67.

Dorman Products Company 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.