Reinhart Partners Inc. Has $2.28 Million Holdings in Dorman Products Inc. (DORM)

Reinhart Partners Inc. increased its stake in Dorman Products Inc. (NASDAQ:DORM) by 11.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,610 shares of the auto parts company’s stock after purchasing an additional 3,020 shares during the quarter. Reinhart Partners Inc. owned approximately 0.09% of Dorman Products worth $2,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in shares of Dorman Products by 66.2% in the third quarter. First Trust Advisors LP now owns 24,251 shares of the auto parts company’s stock worth $1,865,000 after buying an additional 9,662 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Dorman Products by 19.0% in the third quarter. Xact Kapitalforvaltning AB now owns 5,644 shares of the auto parts company’s stock worth $434,000 after buying an additional 900 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Dorman Products by 25.0% in the third quarter. Cornerstone Wealth Management LLC now owns 26,273 shares of the auto parts company’s stock worth $360,000 after buying an additional 5,252 shares during the last quarter. Foundry Partners LLC lifted its stake in shares of Dorman Products by 24.6% in the third quarter. Foundry Partners LLC now owns 26,704 shares of the auto parts company’s stock worth $2,054,000 after buying an additional 5,277 shares during the last quarter. Finally, BB&T Corp acquired a new stake in shares of Dorman Products in the third quarter worth $212,000. Hedge funds and other institutional investors own 78.13% of the company’s stock.

DORM has been the subject of a number of research analyst reports. BidaskClub raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. ValuEngine raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research raised Dorman Products from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, Barrington Research reissued a “hold” rating on shares of Dorman Products in a research report on Thursday, July 12th. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $59.60.



Shares of DORM stock opened at $70.73 on Friday. Dorman Products Inc. has a 12 month low of $56.36 and a 12 month high of $83.42. The company has a market cap of $2.29 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07.

Dorman Products (NASDAQ:DORM) last released its earnings results on Thursday, October 25th. The auto parts company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. Dorman Products had a net margin of 12.42% and a return on equity of 19.13%. Equities research analysts anticipate that Dorman Products Inc. will post 4.19 EPS for the current year.

In other news, SVP Jeffery Darby sold 1,367 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $76.13, for a total transaction of $104,069.71. Following the completion of the transaction, the senior vice president now owns 12,639 shares of the company’s stock, valued at $962,207.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mathias J. Barton sold 18,986 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $81.34, for a total transaction of $1,544,321.24. Following the transaction, the chief executive officer now directly owns 111,011 shares of the company’s stock, valued at approximately $9,029,634.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,278 shares of company stock valued at $1,949,046. Corporate insiders own 11.90% of the company’s stock.

About Dorman Products

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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