Geneva Capital Management LLC Has $49.33 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Geneva Capital Management LLC cut its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 24.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 436,102 shares of the auto parts company’s stock after selling 137,396 shares during the quarter. Geneva Capital Management LLC owned 1.43% of Dorman Products worth $49,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Dorman Products by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after acquiring an additional 41,849 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Dorman Products by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after purchasing an additional 24,811 shares during the period. WCM Investment Management LLC boosted its position in shares of Dorman Products by 2.3% during the 3rd quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock worth $34,372,000 after purchasing an additional 6,754 shares in the last quarter. Summit Creek Advisors LLC grew its stake in shares of Dorman Products by 0.6% in the 1st quarter. Summit Creek Advisors LLC now owns 227,303 shares of the auto parts company’s stock valued at $21,910,000 after buying an additional 1,400 shares during the period. Finally, Fiera Capital Corp bought a new stake in Dorman Products in the 3rd quarter valued at about $25,571,000. 84.70% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $113.98, for a total transaction of $159,572.00. Following the transaction, the senior vice president now directly owns 22,271 shares in the company, valued at approximately $2,538,448.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Jeffery Darby sold 1,400 shares of Dorman Products stock in a transaction on Monday, August 26th. The stock was sold at an average price of $113.98, for a total transaction of $159,572.00. Following the sale, the senior vice president now directly owns 22,271 shares in the company, valued at approximately $2,538,448.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven L. Berman sold 27,632 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the transaction, the director now owns 936,024 shares of the company’s stock, valued at $108,316,697.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,833 shares of company stock worth $7,050,877 over the last quarter. Insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

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

Dorman Products Stock Performance

Shares of DORM opened at $138.00 on Wednesday. The firm has a market capitalization of $4.21 billion, a P/E ratio of 23.08 and a beta of 0.83. Dorman Products, Inc. has a 52 week low of $66.07 and a 52 week high of $146.60. The stock has a 50 day moving average price of $116.96 and a two-hundred day moving average price of $103.83. 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 (NASDAQ:DORM) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $509.54 million. During the same quarter in the prior year, the company posted $1.40 earnings per share. Dorman Products’s revenue was up 3.2% compared to the same quarter last year. Equities analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

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.