Seizert Capital Partners LLC Has $5.19 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

Seizert Capital Partners LLC raised its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 37.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,836 shares of the auto parts company’s stock after purchasing an additional 12,367 shares during the period. Seizert Capital Partners LLC’s holdings in Dorman Products were worth $5,185,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Equitable Trust Co. boosted its holdings in shares of Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after buying an additional 97 shares during the period. Inspire Advisors LLC boosted its holdings in Dorman Products by 1.3% during the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock valued at $794,000 after acquiring an additional 112 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Dorman Products by 0.8% in the first quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company’s stock valued at $1,317,000 after purchasing an additional 114 shares during the last quarter. Creative Planning increased its stake in shares of Dorman Products by 3.3% in the second quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock worth $412,000 after purchasing an additional 144 shares during the period. Finally, Procyon Advisors LLC lifted its position in shares of Dorman Products by 7.1% during the 3rd quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock worth $309,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DORM shares. CJS Securities assumed coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 target price on the stock. Roth Mkm restated 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. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dorman Products presently has an average rating of “Buy” and an average price target of $125.67.

Insider Transactions at Dorman Products

In other news, SVP Scott Leff sold 5,536 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total value of $734,405.76. Following the completion of the transaction, the senior vice president now directly owns 13,336 shares of the company’s stock, valued at approximately $1,769,153.76. This represents a 29.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeffery Darby sold 2,400 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 19,871 shares in the company, valued at approximately $2,364,251.58. This represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 59,833 shares of company stock valued at $7,050,877. Company insiders own 10.00% of the company’s stock.

Dorman Products Trading Down 0.9 %

Shares of DORM opened at $134.73 on Friday. The stock’s 50-day moving average price is $118.55 and its 200 day moving average price is $104.73. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 22.53 and a beta of 0.83. Dorman Products, Inc. has a 12-month low of $69.63 and a 12-month high of $146.60.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating 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 business 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 business posted $1.40 earnings per share. Dorman Products’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

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.