Oppenheimer Asset Management Inc. Has $1.55 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Oppenheimer Asset Management Inc. grew its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 41.2% in the 3rd quarter, Holdings Channel reports. The firm owned 13,688 shares of the auto parts company’s stock after acquiring an additional 3,993 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Dorman Products were worth $1,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in 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. Covestor Ltd grew its position in shares of Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after buying an additional 336 shares during the period. Quest Partners LLC bought a new stake in shares of Dorman Products in the 2nd quarter valued at $37,000. GAMMA Investing LLC lifted its position in shares of Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 187 shares during the period. Finally, USA Financial Formulas bought a new position in Dorman Products during the third quarter worth $58,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 215 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.01, for a total value of $25,157.15. Following the completion of the sale, the director now directly owns 881,298 shares of the company’s stock, valued at approximately $103,120,678.98. This represents a 0.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction on Monday, August 26th. The stock was sold at an average price of $113.98, for a total transaction of $159,572.00. Following the transaction, the senior vice president now directly owns 22,271 shares in the company, valued at $2,538,448.58. This represents a 5.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,833 shares of company stock valued at $7,050,877 over the last ninety days. 10.00% of the stock is currently owned by insiders.

Dorman Products Stock Performance

DORM opened at $134.73 on Monday. Dorman Products, Inc. has a 1-year low of $69.63 and a 1-year high of $146.60. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 22.53 and a beta of 0.83. The company’s fifty day moving average price is $118.55 and its two-hundred day moving average price is $104.84. 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 (NASDAQ:DORM) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same period in the previous year, the firm posted $1.40 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. 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. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $125.67.

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.