BNP Paribas Financial Markets Decreases Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

BNP Paribas Financial Markets reduced its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 16.7% in the third quarter, HoldingsChannel.com reports. The firm owned 20,593 shares of the auto parts company’s stock after selling 4,128 shares during the period. BNP Paribas Financial Markets’ holdings in Dorman Products were worth $2,329,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DORM. Price T Rowe Associates Inc. MD grew its position in shares of Dorman Products by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,724 shares of the auto parts company’s stock worth $1,805,000 after buying an additional 953 shares during the last quarter. Tidal Investments LLC purchased a new position in Dorman Products during the 1st quarter valued at $328,000. SG Americas Securities LLC raised its holdings in Dorman Products by 1,595.0% in the 2nd quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock worth $1,924,000 after purchasing an additional 19,794 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Dorman Products by 5.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after purchasing an additional 10,915 shares during the period. Finally, Leeward Investments LLC MA boosted its stake in shares of Dorman Products by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 140,036 shares of the auto parts company’s stock valued at $12,810,000 after purchasing an additional 7,437 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Steven L. Berman sold 2,669 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $112.57, for a total transaction of $300,449.33. Following the completion of the sale, the director now owns 876,156 shares of the company’s stock, valued at $98,628,880.92. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Darby sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total value of $285,552.00. Following the completion of the transaction, the senior vice president now directly owns 19,871 shares in the company, valued at $2,364,251.58. This trade represents a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,173 shares of company stock valued at $8,936,331. Insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

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

Dorman Products Trading Down 0.6 %

Shares of NASDAQ DORM opened at $138.47 on Friday. Dorman Products, Inc. has a 1 year low of $74.24 and a 1 year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm has a 50-day moving average of $126.03 and a 200 day moving average of $109.55. The stock has a market cap of $4.23 billion, a P/E ratio of 23.16 and a beta of 0.87.

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, topping analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $503.77 million for the quarter, compared to analysts’ expectations of $509.54 million. During the same period in the previous year, the firm posted $1.40 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.