Pembroke Management LTD Sells 3,972 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Pembroke Management LTD decreased its position in shares of Dorman Products, Inc. (NASDAQ:DORM – Get Rating) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 304,890 shares of the auto parts company’s stock after selling 3,972 shares during the quarter. Dorman Products accounts for about 2.6% of Pembroke Management LTD’s investment portfolio, making the stock its 14th biggest holding. Pembroke Management LTD’s holdings in Dorman Products were worth $24,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DORM. BlackRock Inc. raised its holdings in Dorman Products by 0.9% during the 1st quarter. BlackRock Inc. now owns 4,257,228 shares of the auto parts company’s stock worth $404,566,000 after buying an additional 35,922 shares during the period. Vanguard Group Inc. raised its holdings in Dorman Products by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,998,373 shares of the auto parts company’s stock worth $246,227,000 after buying an additional 23,383 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Dorman Products by 26.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,098,866 shares of the auto parts company’s stock worth $120,557,000 after buying an additional 229,438 shares during the period. Eaton Vance Management raised its holdings in Dorman Products by 1.2% during the 3rd quarter. Eaton Vance Management now owns 968,448 shares of the auto parts company’s stock worth $79,530,000 after buying an additional 11,444 shares during the period. Finally, State Street Corp raised its holdings in Dorman Products by 0.9% during the 3rd quarter. State Street Corp now owns 944,860 shares of the auto parts company’s stock worth $77,592,000 after buying an additional 8,840 shares during the period. Institutional investors own 75.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DORM shares. Stephens raised their target price on shares of Dorman Products from $87.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, March 2nd. Roth Capital restated a “buy” rating on shares of Dorman Products in a report on Tuesday, February 28th. StockNews.com assumed coverage on shares of Dorman Products in a report on Thursday. They issued a “hold” rating on the stock. Finally, Barrington Research lifted their price objective on shares of Dorman Products from $104.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, February 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dorman Products presently has an average rating of “Moderate Buy” and a consensus target price of $112.67.

Insider Buying and Selling

In related news, Chairman Steven L. Berman sold 3,616 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $90.62, for a total transaction of $327,681.92. Following the transaction, the chairman now directly owns 996,764 shares in the company, valued at $90,326,753.68. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Steven L. Berman sold 3,616 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $90.62, for a total transaction of $327,681.92. Following the transaction, the chairman now directly owns 996,764 shares in the company, valued at $90,326,753.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jeffery Darby sold 753 shares of Dorman Products stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $91.04, for a total transaction of $68,553.12. Following the transaction, the senior vice president now directly owns 24,054 shares of the company’s stock, valued at $2,189,876.16. The disclosure for this sale can be found here. 10.30% of the stock is owned by corporate insiders.

Dorman Products Stock Down 2.3 %

Shares of NASDAQ DORM traded down $1.90 during midday trading on Friday, reaching $81.97. The company’s stock had a trading volume of 372,616 shares, compared to its average volume of 113,137. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. Dorman Products, Inc. has a fifty-two week low of $73.32 and a fifty-two week high of $119.04. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 21.29 and a beta of 0.58. The stock has a 50 day simple moving average of $90.86 and a 200-day simple moving average of $86.98.

Dorman Products (NASDAQ:DORM – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The auto parts company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The company had revenue of $501.30 million for the quarter, compared to the consensus estimate of $442.65 million. Dorman Products had a net margin of 7.01% and a return on equity of 14.96%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. Equities research analysts predict that Dorman Products, Inc. will post 5.23 earnings per share for the current year.

Dorman Products Profile

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Dorman Products, Inc engages in the supply of automotive replacement and upgrade parts for the motor vehicle aftermarket industry. Its products include automotive body, steering and suspension, undercar, underhood, hardware and accessories, and heavy-duty components. The company was founded by Steven L.