RK Asset Management LLC Sells 1,908 Shares of Dorman Products, Inc. (NASDAQ:DORM)

RK Asset Management LLC decreased its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,696 shares of the auto parts company’s stock after selling 1,908 shares during the period. Dorman Products comprises approximately 3.8% of RK Asset Management LLC’s investment portfolio, making the stock its 16th biggest holding. RK Asset Management LLC owned about 0.12% of Dorman Products worth $4,624,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Equitable Trust Co. raised its stake in shares of Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after acquiring an additional 97 shares in the last quarter. Inspire Advisors LLC grew its holdings in Dorman Products by 1.3% in the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock worth $794,000 after purchasing an additional 112 shares during the last quarter. Creative Planning increased its position in shares of Dorman Products by 3.3% during the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock worth $412,000 after purchasing an additional 144 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Dorman Products by 28.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock valued at $75,000 after purchasing an additional 146 shares during the last quarter. Finally, Procyon Advisors LLC increased its position in Dorman Products by 7.1% during the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock valued at $309,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, insider John Mcknight sold 8,185 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares of the company’s stock, valued at approximately $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven L. Berman sold 2,669 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $112.57, for a total value of $300,449.33. Following the completion of the sale, the director now owns 876,156 shares of the company’s stock, valued at $98,628,880.92. This trade represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,593 shares of company stock valued at $4,907,310. 10.00% of the stock is owned by company insiders.

Dorman Products Stock Performance

Shares of NASDAQ:DORM traded up $1.66 during midday trading on Friday, reaching $130.09. The company’s stock had a trading volume of 111,294 shares, compared to its average volume of 111,297. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $133.71 and a 200 day moving average of $115.16. Dorman Products, Inc. has a twelve month low of $79.20 and a twelve month high of $146.60. The firm has a market capitalization of $3.97 billion, a PE ratio of 21.75 and a beta of 0.89.

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, beating analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $503.77 million during the quarter, compared to analyst estimates of $509.54 million. During the same quarter last year, the business posted $1.40 EPS. The company’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DORM has been the topic of several recent analyst reports. CJS Securities initiated coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective on the stock. Roth Mkm reaffirmed a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Dorman Products has an average rating of “Buy” and a consensus target price 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.