Dorman Products, Inc. (NASDAQ:DORM) Position Lessened by Geneva Capital Management LLC

Geneva Capital Management LLC decreased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 586,514 shares of the auto parts company’s stock after selling 438 shares during the period. Geneva Capital Management LLC owned 1.89% of Dorman Products worth $56,534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky grew its stake in shares of Dorman Products by 210.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 28,700 shares of the auto parts company’s stock valued at $2,394,000 after buying an additional 19,447 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Dorman Products by 182.8% during the 4th 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 last quarter. Trexquant Investment LP bought a new position in shares of Dorman Products during the 4th quarter valued at $1,640,000. Jennison Associates LLC lifted its stake in shares of Dorman Products by 73.1% in the 1st quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock valued at $27,316,000 after purchasing an additional 119,707 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Dorman Products by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,990,436 shares of the auto parts company’s stock worth $249,432,000 after purchasing an additional 24,328 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Performance

Shares of NASDAQ:DORM traded up $2.35 during midday trading on Thursday, hitting $90.60. The company’s stock had a trading volume of 132,359 shares, compared to its average volume of 118,691. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.17 and a current ratio of 2.50. The stock’s 50 day simple moving average is $91.25 and its 200 day simple moving average is $88.71. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 18.31 and a beta of 0.82. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $98.55.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.49. Dorman Products had a return on equity of 14.61% and a net margin of 8.10%. The firm had revenue of $468.70 million during the quarter, compared to the consensus estimate of $472.35 million. During the same quarter in the prior year, the company earned $0.56 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts anticipate that Dorman Products, Inc. will post 5.64 earnings per share for the current year.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 500 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $92.06, for a total value of $46,030.00. Following the completion of the sale, the senior vice president now directly owns 20,126 shares of the company’s stock, valued at approximately $1,852,799.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Roth Mkm reaffirmed a “buy” rating and set a $116.00 target price on shares of Dorman Products in a research report on Friday, June 14th.

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.