Geneva Capital Management LLC Sells 373 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Geneva Capital Management LLC lowered its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 0.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 586,952 shares of the auto parts company’s stock after selling 373 shares during the period. Geneva Capital Management LLC’s holdings in Dorman Products were worth $48,958,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Headinvest LLC purchased a new stake in shares of Dorman Products during the 3rd quarter worth approximately $30,000. Quantbot Technologies LP grew its stake in shares of Dorman Products by 17.5% during the 3rd quarter. Quantbot Technologies LP now owns 1,375 shares of the auto parts company’s stock worth $104,000 after acquiring an additional 205 shares during the period. Cerity Partners LLC purchased a new stake in Dorman Products in the 4th quarter worth about $230,000. Glenmede Trust Co. NA raised its stake in Dorman Products by 26.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,331 shares of the auto parts company’s stock valued at $252,000 after acquiring an additional 697 shares during the period. Finally, Jump Financial LLC purchased a new stake in Dorman Products during the third quarter valued at about $254,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $90.00 price target on shares of Dorman Products in a research report on Tuesday, February 27th. StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Roth Mkm reissued a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a report on Monday, March 25th. Finally, TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th.

Dorman Products Price Performance

NASDAQ:DORM traded up $0.97 during trading hours on Thursday, hitting $92.20. 242,770 shares of the company’s stock traded hands, compared to its average volume of 115,787. The firm has a market cap of $2.86 billion, a P/E ratio of 22.49 and a beta of 0.83. The company has a quick ratio of 1.09, a current ratio of 2.25 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $91.90 and its two-hundred day simple moving average is $83.06. Dorman Products, Inc. has a 52 week low of $60.01 and a 52 week high of $98.55.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Tuesday, May 7th. The auto parts company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.82 by $0.49. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The company had revenue of $468.70 million during the quarter, compared to analyst estimates of $472.35 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Dorman Products’s revenue was up .4% on a year-over-year basis. On average, research analysts anticipate that Dorman Products, Inc. will post 5.55 earnings per share for the current fiscal year.

Dorman Products 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.