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

Geneva Capital Management LLC cut its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 430,771 shares of the auto parts company’s stock after selling 5,331 shares during the period. Geneva Capital Management LLC owned approximately 1.41% of Dorman Products worth $55,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in Dorman Products by 8.6% during the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after purchasing an additional 87,780 shares during the last quarter. GW&K Investment Management LLC increased its holdings in Dorman Products by 1.5% during the 4th quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company’s stock worth $77,341,000 after purchasing an additional 8,830 shares during the last quarter. Royce & Associates LP increased its holdings in Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock worth $59,262,000 after purchasing an additional 78,496 shares during the last quarter. Jennison Associates LLC increased its holdings in Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after purchasing an additional 55,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Dorman Products by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company’s stock worth $45,954,000 after purchasing an additional 4,102 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $132.52, for a total value of $348,925.16. Following the completion of the sale, the director now directly owns 833,812 shares in the company, valued at approximately $110,496,766.24. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 41,348 shares of company stock worth $5,479,185. 10.00% of the stock is currently owned by insiders.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $134.79 on Thursday. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. 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 capitalization of $4.11 billion, a price-to-earnings ratio of 22.54 and a beta of 0.88. The business has a 50 day simple moving average of $128.56 and a 200-day simple moving average of $124.76.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, beating 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 business had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. As a group, equities research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a 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.