Intech Investment Management LLC Takes $2.01 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

Intech Investment Management LLC bought a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,803 shares of the auto parts company’s stock, valued at approximately $2,014,000. Intech Investment Management LLC owned approximately 0.06% of Dorman Products as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Dorman Products by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after acquiring an additional 41,849 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Dorman Products by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock worth $94,136,000 after buying an additional 24,811 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after buying an additional 78,496 shares during the last quarter. Jennison Associates LLC raised its position in shares of Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock valued at $51,453,000 after buying an additional 55,615 shares in the last quarter. Finally, WCM Investment Management LLC grew its position in Dorman Products by 2.3% in the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after acquiring an additional 6,754 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Dorman Products

In related news, Director Steven L. Berman sold 27,632 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 936,024 shares of the company’s stock, valued at $108,316,697.28. This represents a 2.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donna M. Long sold 3,277 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $134.79, for a total transaction 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. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,710 shares of company stock valued at $7,333,012. 10.00% of the stock is currently owned by company insiders.

Dorman Products Stock Performance

Shares of NASDAQ:DORM opened at $139.45 on Monday. 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 company has a market cap of $4.26 billion, a price-to-earnings ratio of 23.32 and a beta of 0.83. Dorman Products, Inc. has a 12 month low of $69.77 and a 12 month high of $146.60. The company has a 50-day moving average price of $121.08 and a 200-day moving average price of $106.42.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data 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 business had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. As a group, equities analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Dorman Products

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.