Mendota Financial Group LLC Sells 347 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Mendota Financial Group LLC lowered its position in Dorman Products, Inc. (NASDAQ:DORM) by 28.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 857 shares of the auto parts company’s stock after selling 347 shares during the period. Mendota Financial Group LLC’s holdings in Dorman Products were worth $111,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DORM. TD Asset Management Inc bought a new stake in Dorman Products during the 2nd quarter valued at $467,000. Quest Partners LLC bought a new stake in shares of Dorman Products during the second quarter worth about $37,000. American Century Companies Inc. increased its position in shares of Dorman Products by 58.5% during the second quarter. American Century Companies Inc. now owns 12,774 shares of the auto parts company’s stock worth $1,169,000 after acquiring an additional 4,715 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new stake in shares of Dorman Products in the 2nd quarter worth about $202,000. Finally, Oppenheimer Asset Management Inc. lifted its position in Dorman Products by 19.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 9,695 shares of the auto parts company’s stock valued at $887,000 after acquiring an additional 1,556 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $125.67.

Dorman Products Stock Up 1.2 %

DORM opened at $123.18 on Tuesday. Dorman Products, Inc. has a fifty-two week low of $79.31 and a fifty-two week high of $146.60. The firm has a market capitalization of $3.76 billion, a P/E ratio of 20.60 and a beta of 0.89. The company’s 50-day moving average is $134.75 and its 200 day moving average is $116.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 EPS. Research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, SVP Scott Leff sold 5,536 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total value of $734,405.76. Following the transaction, the senior vice president now directly owns 13,336 shares in the company, valued at $1,769,153.76. The trade was a 29.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven L. Berman sold 8,485 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the sale, the director now owns 867,671 shares of the company’s stock, valued at approximately $118,723,422.93. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,209 shares of company stock valued at $4,642,059. Insiders own 10.00% of the company’s stock.

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.