QRG Capital Management Inc. Purchases Shares of 1,800 Dorman Products, Inc. (NASDAQ:DORM)

QRG Capital Management Inc. acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,800 shares of the auto parts company’s stock, valued at approximately $204,000.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its position in Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 273 shares during the last quarter. US Bancorp DE grew its stake in shares of Dorman Products by 3.7% during the 3rd quarter. US Bancorp DE now owns 8,382 shares of the auto parts company’s stock valued at $948,000 after buying an additional 298 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Dorman Products by 11.9% during the 3rd quarter. New York State Teachers Retirement System now owns 23,659 shares of the auto parts company’s stock worth $2,676,000 after buying an additional 2,509 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Dorman Products by 4.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,630 shares of the auto parts company’s stock worth $1,089,000 after buying an additional 381 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Dorman Products in the third quarter valued at $251,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 transaction, the director now directly owns 936,024 shares in the company, valued at approximately $108,316,697.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the transaction, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven L. Berman sold 16,071 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $116.55, for a total value of $1,873,075.05. Following the sale, the director now owns 888,656 shares of the company’s stock, valued at approximately $103,572,856.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,833 shares of company stock worth $7,050,877 over the last 90 days. Company insiders own 10.00% of the company’s stock.

Dorman Products Stock Up 1.8 %

Shares of NASDAQ DORM opened at $138.00 on Wednesday. The stock has a fifty day moving average price of $116.96 and a 200 day moving average price of $103.83. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 12-month low of $66.07 and a 12-month high of $146.60. The company has a market cap of $4.21 billion, a P/E ratio of 23.08 and a beta of 0.83.

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

Analysts Set New Price Targets

Several equities research analysts have commented on DORM shares. Roth Mkm restated a “buy” rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. CJS Securities started coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.