2,326 Shares in Dorman Products, Inc. (NASDAQ:DORM) Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,326 shares of the auto parts company’s stock, valued at approximately $263,000.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 273 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Dorman Products during the third quarter worth about $31,000. Quest Partners LLC acquired a new position in Dorman Products in the 2nd quarter valued at about $37,000. Covestor Ltd boosted its holdings in Dorman Products by 781.4% in the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock worth $55,000 after buying an additional 187 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Dorman Products

In other Dorman Products news, SVP Eric Luftig sold 3,278 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the sale, the senior vice president now directly owns 5,934 shares in the company, valued at $837,821.46. This represents a 35.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven L. Berman sold 2,669 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $112.57, for a total transaction of $300,449.33. Following the completion of the transaction, the director now owns 876,156 shares of the company’s stock, valued at approximately $98,628,880.92. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,141 shares of company stock worth $5,453,204 in the last three months. 10.00% of the stock is owned by company insiders.

Dorman Products Stock Performance

NASDAQ:DORM opened at $136.92 on Tuesday. Dorman Products, Inc. has a fifty-two week low of $79.20 and a fifty-two 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 company has a 50 day moving average price of $129.38 and a 200 day moving average price of $111.80. The stock has a market capitalization of $4.18 billion, a P/E ratio of 22.90 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last released its quarterly 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. 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 during the quarter, compared to analyst estimates of $509.54 million. During the same period last year, the business posted $1.40 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Dorman Products Company 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.