Dorman Products, Inc. $DORM Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 8.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 753,771 shares of the auto parts company’s stock after selling 70,445 shares during the quarter. Dorman Products makes up 0.8% of Royce & Associates LP’s portfolio, making the stock its 6th biggest position. Royce & Associates LP owned approximately 2.56% of Dorman Products worth $92,412,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Ritholtz Wealth Management raised its stake in Dorman Products by 4.2% during the third quarter. Ritholtz Wealth Management now owns 3,140 shares of the auto parts company’s stock worth $385,000 after acquiring an additional 128 shares during the period. Allworth Financial LP boosted its stake in Dorman Products by 79.4% in the third quarter. Allworth Financial LP now owns 323 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 143 shares during the period. Liontrust Investment Partners LLP boosted its stake in Dorman Products by 7.6% in the first quarter. Liontrust Investment Partners LLP now owns 2,123 shares of the auto parts company’s stock valued at $222,000 after acquiring an additional 150 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Dorman Products in the second quarter valued at approximately $26,000. Finally, GAMMA Investing LLC boosted its stake in Dorman Products by 32.9% in the third quarter. GAMMA Investing LLC now owns 857 shares of the auto parts company’s stock valued at $105,000 after acquiring an additional 212 shares during the period. Institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Performance

Shares of DORM traded up $0.31 during mid-day trading on Friday, reaching $132.31. 206,483 shares of the company’s stock traded hands, compared to its average volume of 261,244. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.88 and a current ratio of 3.65. The business’s 50-day moving average price is $127.04 and its 200-day moving average price is $124.09. The stock has a market capitalization of $3.90 billion, a P/E ratio of 19.69 and a beta of 0.98. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $155.37.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, October 26th. The auto parts company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.08. Dorman Products had a return on equity of 17.87% and a net margin of 9.30%. The business had revenue of $561.72 million during the quarter, compared to analyst estimates of $565.33 million. During the same period in the prior year, the company posted $2.62 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts predict that Dorman Products, Inc. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on DORM shares. Barclays assumed coverage on Dorman Products in a research report on Thursday. They set an “overweight” rating and a $165.00 price target on the stock. Weiss Ratings downgraded Dorman Products from a “hold (c+)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. Freedom Capital lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Wells Fargo & Company reduced their price objective on Dorman Products from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, October 23rd. Finally, Wall Street Zen upgraded Dorman Products from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Dorman Products presently has an average rating of “Moderate Buy” and an average target price of $151.17.

Dorman Products Profile

Dorman Products, Inc. develops, sources and markets replacement parts and solutions for the automotive aftermarket. Its products serve passenger cars, light- and heavy-duty trucks, and other vehicles, and are sold under the Dorman and other brand names. The company’s offerings span vehicle systems and components, including engine and powertrain parts, steering and suspension components, brake and electrical products, body and interior parts, and hardware. Dorman also develops products intended to address repair needs that may not be met by traditional replacement parts.