SG Americas Securities LLC decreased its stake in Dorman Products Inc. (NASDAQ:DORM) by 16.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,453 shares of the auto parts company’s stock after selling 3,323 shares during the period. SG Americas Securities LLC’s holdings in Dorman Products were worth $1,342,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Parametrica Management Ltd acquired a new position in shares of Dorman Products in the 3rd quarter valued at $266,000. Dupont Capital Management Corp boosted its holdings in shares of Dorman Products by 40.0% in the 3rd quarter. Dupont Capital Management Corp now owns 26,242 shares of the auto parts company’s stock valued at $2,019,000 after buying an additional 7,498 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Dorman Products in the 3rd quarter valued at $204,000. Wells Fargo & Company MN boosted its holdings in shares of Dorman Products by 6.8% in the 3rd quarter. Wells Fargo & Company MN now owns 134,671 shares of the auto parts company’s stock valued at $10,358,000 after buying an additional 8,573 shares in the last quarter. Finally, Tdam USA Inc. boosted its holdings in shares of Dorman Products by 3.9% in the 3rd quarter. Tdam USA Inc. now owns 22,433 shares of the auto parts company’s stock valued at $1,726,000 after buying an additional 836 shares in the last quarter. Institutional investors and hedge funds own 79.97% of the company’s stock.
DORM has been the subject of several research analyst reports. BidaskClub upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. ValuEngine upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Finally, Barrington Research restated a “hold” rating and issued a $16.00 target price on shares of Dorman Products in a report on Friday, October 5th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.50.
Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. The firm had revenue of $247.95 million during the quarter, compared to analysts’ expectations of $234.46 million. Dorman Products had a net margin of 12.85% and a return on equity of 19.80%. Sell-side analysts expect that Dorman Products Inc. will post 4.18 earnings per share for the current year.
In related news, CEO Mathias J. Barton sold 18,986 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 111,011 shares in the company, valued at approximately $9,029,634.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mathias J. Barton sold 38,871 shares of the stock in a transaction on Friday, November 30th. The stock was sold at an average price of $87.89, for a total transaction of $3,416,372.19. Following the sale, the chief executive officer now owns 82,931 shares of the company’s stock, valued at approximately $7,288,805.59. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.
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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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