Ruffer LLP Sells 33,224 Shares of Dorman Products, Inc. $DORM

Ruffer LLP decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 59.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,392 shares of the auto parts company’s stock after selling 33,224 shares during the period. Ruffer LLP’s holdings in Dorman Products were worth $3,490,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC raised its holdings in Dorman Products by 5.9% in the third quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock worth $227,000 after buying an additional 81 shares during the last quarter. Private Trust Co. NA raised its holdings in Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 83 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Dorman Products by 0.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock valued at $1,487,000 after acquiring an additional 86 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Dorman Products by 0.4% during the 2nd quarter. New York State Teachers Retirement System now owns 24,835 shares of the auto parts company’s stock valued at $3,047,000 after purchasing an additional 94 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Dorman Products by 2.6% in the 2nd quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock worth $471,000 after purchasing an additional 99 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DORM has been the topic of a number of research analyst reports. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Dorman Products in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $180.50.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 812 shares of Dorman Products stock in a transaction on 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 owned 17,856 shares in the company, valued at $2,209,680. This trade represents a 4.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Mcknight sold 2,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the sale, the insider directly owned 9,112 shares of the company’s stock, valued at approximately $1,173,625.60. The trade was a 18.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.90% of the stock is currently owned by company insiders.

Dorman Products Trading Down 1.5%

Shares of NASDAQ:DORM opened at $122.46 on Thursday. The stock’s 50-day simple moving average is $126.96 and its two-hundred day simple moving average is $138.12. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 15.25 and a beta of 0.91. Dorman Products, Inc. has a 52-week low of $106.95 and a 52-week high of $166.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.31 by $0.31. The firm had revenue of $543.74 million during the quarter, compared to analyst estimates of $548.60 million. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 EPS. Analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Dorman Products Profile

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.