RK Asset Management LLC Increases Stock Position in Dorman Products Inc. (NASDAQ:DORM)

RK Asset Management LLC boosted its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,377 shares of the auto parts company’s stock after acquiring an additional 410 shares during the period. Dorman Products accounts for 3.7% of RK Asset Management LLC’s holdings, making the stock its 13th biggest position. RK Asset Management LLC’s holdings in Dorman Products were worth $3,848,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Dorman Products by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,871,470 shares of the auto parts company’s stock valued at $250,220,000 after acquiring an additional 64,595 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in Dorman Products by 2.7% during the second quarter. Conestoga Capital Advisors LLC now owns 815,548 shares of the auto parts company’s stock valued at $71,067,000 after acquiring an additional 21,660 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its position in Dorman Products by 1.2% during the second quarter. Atlanta Capital Management Co. L L C now owns 647,525 shares of the auto parts company’s stock valued at $56,425,000 after acquiring an additional 7,496 shares during the last quarter. Northern Trust Corp lifted its position in Dorman Products by 1.0% during the second quarter. Northern Trust Corp now owns 540,469 shares of the auto parts company’s stock valued at $47,096,000 after acquiring an additional 5,402 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Dorman Products by 2.2% during the second quarter. Royal Bank of Canada now owns 361,772 shares of the auto parts company’s stock valued at $31,525,000 after acquiring an additional 7,847 shares during the last quarter. 81.52% of the stock is owned by institutional investors.

Dorman Products stock traded up $2.26 during mid-day trading on Friday, reaching $81.82. 442 shares of the company traded hands, compared to its average volume of 171,198. Dorman Products Inc. has a fifty-two week low of $65.68 and a fifty-two week high of $97.38. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.84 and a beta of 0.55. The firm’s fifty day moving average is $76.65 and its two-hundred day moving average is $82.33.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Tuesday, July 30th. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.48). Dorman Products had a net margin of 11.28% and a return on equity of 16.36%. The company had revenue of $254.18 million for the quarter, compared to analyst estimates of $263.68 million. During the same quarter in the previous year, the company posted $1.09 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Research analysts anticipate that Dorman Products Inc. will post 3.33 EPS for the current year.

A number of research firms recently commented on DORM. Zacks Investment Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 1st. ValuEngine cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Barrington Research reissued a “hold” rating on shares of Dorman Products in a research report on Monday, July 29th. Finally, BidaskClub raised shares of Dorman Products from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. Five equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $97.00.

Dorman Products Profile

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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

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