16,856 Shares in Dorman Products, Inc. (NASDAQ:DORM) Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,856 shares of the auto parts company’s stock, valued at approximately $1,907,000. Cinctive Capital Management LP owned 0.06% of Dorman Products at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Dorman Products by 2.5% during 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 purchasing an additional 24,811 shares in the last quarter. Royce & Associates LP raised its position 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 valued at $59,262,000 after acquiring an additional 78,496 shares in the last quarter. Jennison Associates LLC lifted its stake 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 acquiring an additional 55,615 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Dorman Products by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after purchasing an additional 3,365 shares in the last quarter. Finally, WCM Investment Management LLC lifted its stake in shares of Dorman Products by 2.3% in the 3rd quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock valued at $34,372,000 after purchasing an additional 6,754 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

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

Dorman Products Stock Down 1.5 %

Dorman Products stock opened at $138.46 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a fifty-two week low of $74.09 and a fifty-two week high of $146.60. The firm has a fifty day moving average price of $124.51 and a two-hundred day moving average price of $108.80. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 23.15 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last posted 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 firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. As a group, analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 3,277 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $134.79, for a total value of $441,706.83. Following the completion of the sale, the senior vice president now owns 20,126 shares in the company, valued at approximately $2,712,783.54. This trade represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven L. Berman sold 215 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.01, for a total value of $25,157.15. Following the transaction, the director now owns 881,298 shares in the company, valued at $103,120,678.98. This represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,988 shares of company stock worth $7,795,833. Insiders own 10.00% of the company’s stock.

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.