Geneva Capital Management LLC Has $48.96 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Geneva Capital Management LLC reduced its position in Dorman Products, Inc. (NASDAQ:DORM) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 586,952 shares of the auto parts company’s stock after selling 373 shares during the period. Geneva Capital Management LLC owned about 1.86% of Dorman Products worth $48,958,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. grew its position in Dorman Products by 0.7% in the third quarter. Invesco Ltd. now owns 516,594 shares of the auto parts company’s stock worth $39,137,000 after acquiring an additional 3,483 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Dorman Products by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 326,932 shares of the auto parts company’s stock worth $27,269,000 after buying an additional 14,114 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Dorman Products by 1.7% during the 4th quarter. WCM Investment Management LLC now owns 314,741 shares of the auto parts company’s stock valued at $26,640,000 after acquiring an additional 5,117 shares during the last quarter. Summit Creek Advisors LLC lifted its holdings in Dorman Products by 0.4% in the 3rd quarter. Summit Creek Advisors LLC now owns 245,210 shares of the auto parts company’s stock worth $18,577,000 after purchasing an additional 876 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Dorman Products by 182.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company’s stock worth $17,805,000 after purchasing an additional 137,979 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Price Performance

DORM stock traded up $0.97 during trading on Thursday, hitting $92.20. The company had a trading volume of 242,770 shares, compared to its average volume of 115,787. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average price of $91.90 and a two-hundred day moving average price of $83.06. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $98.55. The company has a market cap of $2.86 billion, a P/E ratio of 22.49 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Tuesday, May 7th. The auto parts company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.49. The firm had revenue of $468.70 million for the quarter, compared to analyst estimates of $472.35 million. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. Equities research analysts expect that Dorman Products, Inc. will post 5.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DORM. StockNews.com raised shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. TheStreet upgraded Dorman Products from a “c+” rating to a “b” rating in a research note on Wednesday, March 20th. Roth Mkm restated a “buy” rating and issued a $116.00 price objective on shares of Dorman Products in a research note on Monday, March 25th. Finally, Barrington Research reissued an “outperform” rating and issued a $90.00 price target on shares of Dorman Products in a report on Tuesday, February 27th.

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.