Amalgamated Bank Has $901,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

Amalgamated Bank trimmed its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,966 shares of the auto parts company’s stock after selling 507 shares during the quarter. Amalgamated Bank’s holdings in Dorman Products were worth $901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares during the last quarter. Quest Partners LLC bought a new stake in Dorman Products during the 2nd quarter worth $37,000. GAMMA Investing LLC increased its holdings in Dorman Products by 63.2% in the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after purchasing an additional 187 shares in the last quarter. USA Financial Formulas bought a new position in Dorman Products in the third quarter valued at about $58,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Dorman Products during the second quarter valued at about $66,000. Institutional investors own 84.70% of the company’s stock.

Dorman Products Trading Down 1.4 %

NASDAQ:DORM opened at $135.96 on Friday. Dorman Products, Inc. has a 52 week low of $69.63 and a 52 week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm’s fifty day moving average is $118.03 and its 200-day moving average is $104.29. The firm has a market cap of $4.15 billion, a P/E ratio of 22.74 and a beta of 0.83.

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

Insider Activity at Dorman Products

In other news, Director Steven L. Berman sold 27,632 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the sale, the director now directly owns 936,024 shares in the company, valued at $108,316,697.28. This trade represents a 2.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffery Darby sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the sale, the senior vice president now directly owns 22,271 shares of the company’s stock, valued at $2,538,448.58. This trade represents a 5.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,833 shares of company stock worth $7,050,877 in the last 90 days. Corporate insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

DORM has been the subject of several recent research reports. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. CJS Securities started coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price on the stock. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $125.67.

Dorman Products 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.