Trust Point Inc. Boosts Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Trust Point Inc. increased its position in Dorman Products, Inc. (NASDAQ:DORM) by 2.4% in the third quarter, Holdings Channel.com reports. The fund owned 7,918 shares of the auto parts company’s stock after purchasing an additional 183 shares during the period. Trust Point Inc.’s holdings in Dorman Products were worth $896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DORM. Heritage Family Offices LLP bought a new position in Dorman Products during the 3rd quarter valued at about $229,000. Creative Planning raised its holdings in shares of Dorman Products by 53.6% during the third quarter. Creative Planning now owns 6,912 shares of the auto parts company’s stock valued at $782,000 after purchasing an additional 2,413 shares during the last quarter. Procyon Advisors LLC lifted its position in Dorman Products by 7.1% during the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock valued at $309,000 after purchasing an additional 180 shares during the period. Mendota Financial Group LLC purchased a new stake in Dorman Products in the third quarter worth approximately $136,000. Finally, USA Financial Formulas purchased a new stake in Dorman Products in the third quarter worth approximately $58,000. 84.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, CJS Securities assumed coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 target price for the company. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $113.33.

Insider Transactions at Dorman Products

In other news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $104.98, for a total transaction of $146,972.00. Following the transaction, the senior vice president now owns 23,671 shares in the company, valued at $2,484,981.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Jeffery Darby sold 1,400 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $104.98, for a total transaction of $146,972.00. Following the sale, the senior vice president now directly owns 23,671 shares in the company, valued at $2,484,981.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven L. Berman sold 215 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.01, for a total transaction of $25,157.15. Following the sale, the director now owns 881,298 shares in the company, valued at $103,120,678.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,297 shares of company stock worth $6,163,491 in the last 90 days. 10.00% of the stock is currently owned by insiders.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $116.88 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.40 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $3.57 billion, a PE ratio of 21.41 and a beta of 0.82. The firm’s 50 day moving average price is $111.48 and its 200-day moving average price is $99.65. Dorman Products, Inc. has a twelve month low of $60.01 and a twelve month high of $119.28.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.48. The business had revenue of $502.95 million for the quarter, compared to the consensus estimate of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.01 earnings per share. Equities research analysts expect that Dorman Products, Inc. will post 6.15 EPS for the current year.

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.