Universal Beteiligungs und Servicegesellschaft mbH Has $5.32 Million Position in Dorman Products, Inc. $DORM

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 30.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 34,123 shares of the auto parts company’s stock after buying an additional 7,939 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Dorman Products worth $5,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Dorman Products by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock valued at $509,000 after acquiring an additional 1,148 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Dorman Products by 14.2% during the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock worth $453,000 after purchasing an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Dorman Products by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock worth $1,854,000 after purchasing an additional 662 shares during the last quarter. Millennium Management LLC lifted its holdings in Dorman Products by 74.6% during the 1st quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock worth $3,980,000 after purchasing an additional 14,110 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in Dorman Products in the 1st quarter valued at $215,000. Institutional investors own 84.70% of the company’s stock.

Dorman Products Trading Up 0.9%

Shares of Dorman Products stock opened at $125.11 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. Dorman Products, Inc. has a 12-month low of $106.95 and a 12-month high of $166.89. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 15.58 and a beta of 0.91. The firm’s 50-day moving average price is $127.18 and its two-hundred day moving average price is $138.21.

Dorman Products (NASDAQ:DORM) last issued its 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 company had revenue of $543.74 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $1.96 EPS. On average, analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DORM. Stephens started coverage on Dorman Products in a report on Tuesday, September 30th. They set an “overweight” rating and a $185.00 target price for the company. Zacks Research cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Dorman Products presently has an average rating of “Buy” and a consensus target price of $180.50.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 812 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 17,856 shares in the company, valued at $2,209,680. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Mcknight sold 2,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.80, for a total value of $257,600.00. Following the completion of the sale, the insider directly owned 9,112 shares in the company, valued at approximately $1,173,625.60. This represents a 18.00% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 8.90% of the company’s stock.

About Dorman Products

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.