Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lowered its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 430,771 shares of the auto parts company’s stock after selling 5,331 shares during the quarter. Geneva Capital Management LLC’s holdings in Dorman Products were worth $55,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 197 shares during the period. Quent Capital LLC acquired a new position in Dorman Products during the 4th quarter valued at approximately $31,000. Westside Investment Management Inc. acquired a new position in Dorman Products during the 3rd quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new position in Dorman Products during the 3rd quarter valued at approximately $31,000. Finally, Farther Finance Advisors LLC boosted its position in Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 273 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Trading Up 3.5 %

Shares of DORM stock opened at $134.79 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60. The stock has a fifty day moving average of $128.56 and a two-hundred day moving average of $124.76. The firm has a market capitalization of $4.11 billion, a PE ratio of 22.54 and a beta of 0.88.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. As a group, research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 8,485 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the sale, the director now directly owns 867,671 shares in the company, valued at $118,723,422.93. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 41,348 shares of company stock valued at $5,479,185 over the last three months. Company insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 28th.

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.