OneDigital Investment Advisors LLC Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

OneDigital Investment Advisors LLC purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the third quarter, Holdings Channel.com reports. The fund purchased 2,895 shares of the auto parts company’s stock, valued at approximately $327,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after buying an additional 273 shares during the period. Quest Partners LLC bought a new stake in Dorman Products in the second quarter valued at approximately $37,000. Covestor Ltd increased its position in Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 336 shares during the period. GAMMA Investing LLC raised its holdings in Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after purchasing an additional 187 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Dorman Products in the 3rd quarter worth approximately $58,000. 84.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DORM. CJS Securities assumed coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price on the stock. Roth Mkm reissued a “buy” rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $125.67.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 2,669 shares of Dorman Products stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $112.57, for a total transaction of $300,449.33. Following the sale, the director now directly owns 876,156 shares in the company, valued at $98,628,880.92. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Donna M. Long sold 3,277 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $134.79, for a total value of $441,706.83. Following the completion of the transaction, the senior vice president now owns 20,126 shares of the company’s stock, valued at approximately $2,712,783.54. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,110 shares of company stock worth $7,492,584 in the last 90 days. 10.00% of the stock is owned by company insiders.

Dorman Products Trading Up 1.4 %

NASDAQ DORM opened at $137.02 on Friday. 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 firm has a market capitalization of $4.18 billion, a P/E ratio of 22.91 and a beta of 0.83. The business has a fifty day simple moving average of $120.09 and a 200 day simple moving average of $105.67. Dorman Products, Inc. has a 12 month low of $69.77 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.40 earnings per share. On average, analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.