Universal Beteiligungs und Servicegesellschaft mbH Buys 7,939 Shares of Dorman Products, Inc. $DORM

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Dorman Products, Inc. (NASDAQ:DORM) by 30.3% during the third quarter, HoldingsChannel reports. The firm owned 34,123 shares of the auto parts company’s stock after buying an additional 7,939 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Dorman Products were worth $5,319,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Violich Capital Management Inc. bought a new position in Dorman Products in the 3rd quarter valued at approximately $246,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Dorman Products by 7.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,629 shares of the auto parts company’s stock worth $376,000 after buying an additional 192 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Dorman Products by 3.5% in the 3rd quarter. Amalgamated Bank now owns 7,948 shares of the auto parts company’s stock valued at $1,239,000 after acquiring an additional 266 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Dorman Products by 10.0% during the 3rd quarter. QRG Capital Management Inc. now owns 2,054 shares of the auto parts company’s stock valued at $320,000 after acquiring an additional 187 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Dorman Products during the 3rd quarter valued at $259,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $125.11 on Tuesday. Dorman Products, Inc. has a 52 week low of $106.95 and a 52 week high of $166.89. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $127.18 and a 200-day moving average price of $138.21. The company has a market cap of $3.82 billion, a PE ratio of 15.58 and a beta of 0.91.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.31. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.The company had revenue of $543.74 million for the quarter, compared to analysts’ expectations of $548.60 million. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Dorman Products’s quarterly revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on DORM. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday. Stephens started coverage on shares of Dorman Products in a report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and an average price target of $180.50.

Insider Buying and Selling at Dorman Products

In other news, insider John Mcknight sold 2,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $128.80, for a total value of $257,600.00. Following the completion of the sale, the insider owned 9,112 shares in the company, valued at $1,173,625.60. This represents a 18.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the transaction, the senior vice president directly owned 17,856 shares in the company, valued at $2,209,680. The trade was a 4.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.90% of the stock is currently owned by company insiders.

About Dorman Products

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.