RK Asset Management LLC reduced its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,273 shares of the company’s stock after selling 5,820 shares during the period. Dorman Products accounts for 6.9% of RK Asset Management LLC’s portfolio, making the stock its 5th largest position. RK Asset Management LLC owned 0.35% of Dorman Products worth $7,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DORM. Vanguard Group Inc. raised its position in Dorman Products by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,540,219 shares of the company’s stock worth $145,300,000 after buying an additional 56,759 shares during the period. BlackRock Fund Advisors raised its position in Dorman Products by 2.2% in the second quarter. BlackRock Fund Advisors now owns 1,838,917 shares of the company’s stock worth $105,186,000 after buying an additional 39,148 shares during the period. PNC Financial Services Group Inc. raised its position in Dorman Products by 19.5% in the second quarter. PNC Financial Services Group Inc. now owns 925,038 shares of the company’s stock worth $52,912,000 after buying an additional 151,004 shares during the period. Dimensional Fund Advisors LP raised its position in Dorman Products by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 845,220 shares of the company’s stock worth $48,345,000 after buying an additional 30,015 shares during the period. Finally, Congress Asset Management Co. MA raised its position in Dorman Products by 11.5% in the second quarter. Congress Asset Management Co. MA now owns 755,020 shares of the company’s stock worth $43,187,000 after buying an additional 77,749 shares during the period. 76.11% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

Shares of Dorman Products Inc. (NASDAQ:DORM) traded up 1.32% during mid-day trading on Monday, reaching $69.76. The company had a trading volume of 102,337 shares. The company has a market capitalization of $2.41 billion, a PE ratio of 24.49 and a beta of 0.66. Dorman Products Inc. has a 1-year low of $40.17 and a 1-year high of $70.51. The stock’s 50-day moving average price is $63.81 and its 200 day moving average price is $59.78.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Monday, October 24th. The company reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.04. The business had revenue of $212.80 million for the quarter, compared to analyst estimates of $225.94 million. Dorman Products had a return on equity of 18.49% and a net margin of 11.87%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share. Equities analysts expect that Dorman Products Inc. will post $3.01 EPS for the current year.

DORM has been the subject of a number of recent research reports. Jefferies Group reissued a “hold” rating and issued a $60.00 target price on shares of Dorman Products in a report on Wednesday, October 19th. B. Riley restated a “neutral” rating and issued a $49.50 price target on shares of Dorman Products in a research report on Monday, August 1st. Zacks Investment Research upgraded Dorman Products from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research report on Wednesday, July 27th. Finally, FBR & Co restated a “buy” rating and issued a $68.00 price target on shares of Dorman Products in a research report on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $64.50.

In other news, Director Paul R. Lederer sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $62.55, for a total transaction of $31,275.00. Following the completion of the transaction, the director now directly owns 34,549 shares of the company’s stock, valued at approximately $2,161,039.95. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffery Darby sold 490 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $64.00, for a total value of $31,360.00. Following the transaction, the senior vice president now directly owns 11,990 shares of the company’s stock, valued at $767,360. The disclosure for this sale can be found here. Insiders own 11.70% of the company’s stock.

About Dorman Products

Dorman Products, Inc (Dorman) is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 150,000 various stock keeping units (SKU’s) of automotive replacement parts and fasteners.

5 Day Chart for NASDAQ:DORM

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