MML Investors Services LLC Grows Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

MML Investors Services LLC lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 17.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,462 shares of the auto parts company’s stock after purchasing an additional 521 shares during the quarter. MML Investors Services LLC’s holdings in Dorman Products were worth $392,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fiera Capital Corp purchased a new stake in shares of Dorman Products in the 3rd quarter valued at approximately $25,571,000. State Street Corp grew its position in Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after acquiring an additional 87,780 shares during the period. Royce & Associates LP increased its stake in Dorman Products by 17.6% during the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after acquiring an additional 78,496 shares during the last quarter. Jennison Associates LLC raised its position in Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after purchasing an additional 55,615 shares during the period. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Dorman Products by 33.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company’s stock valued at $17,385,000 after purchasing an additional 38,188 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DORM has been the topic of a number of recent analyst reports. CJS Securities assumed coverage on shares of Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price on the stock. Roth Mkm reaffirmed a “buy” rating and set a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, Dorman Products currently has a consensus rating of “Buy” and a consensus target price of $125.67.

Dorman Products Trading Down 0.4 %

Shares of Dorman Products stock opened at $130.87 on Tuesday. The company has a fifty day simple moving average of $131.31 and a 200-day simple moving average of $113.22. Dorman Products, Inc. has a 12-month low of $79.20 and a 12-month high of $146.60. 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 stock has a market cap of $3.99 billion, a price-to-earnings ratio of 21.88 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $509.54 million. During the same quarter last year, the company posted $1.40 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 8,485 shares of Dorman Products stock in a transaction on Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the transaction, the director now directly owns 867,671 shares in the company, valued at approximately $118,723,422.93. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffery Darby sold 2,400 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $124.98, for a total transaction of $299,952.00. Following the sale, the senior vice president now owns 17,471 shares of the company’s stock, valued at $2,183,525.58. This trade represents a 12.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,139 shares of company stock valued at $4,579,061 over the last quarter. Company 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.