Assenagon Asset Management S.A. Acquires 137,979 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Assenagon Asset Management S.A. boosted its holdings in Dorman Products, Inc. (NASDAQ:DORMFree Report) by 182.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 213,464 shares of the auto parts company’s stock after purchasing an additional 137,979 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Dorman Products were worth $17,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. bought a new position in Dorman Products in the 3rd quarter worth approximately $333,000. Jennison Associates LLC bought a new position in shares of Dorman Products during the 3rd quarter valued at approximately $13,507,000. Envestnet Asset Management Inc. boosted its position in shares of Dorman Products by 47.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 145,412 shares of the auto parts company’s stock valued at $11,016,000 after acquiring an additional 46,492 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Dorman Products by 17.0% during the 3rd quarter. Deutsche Bank AG now owns 14,635 shares of the auto parts company’s stock valued at $1,109,000 after acquiring an additional 2,125 shares during the last quarter. Finally, Summit Creek Advisors LLC boosted its position in shares of Dorman Products by 0.4% during the 3rd quarter. Summit Creek Advisors LLC now owns 245,210 shares of the auto parts company’s stock valued at $18,577,000 after acquiring an additional 876 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Up 4.7 %

Shares of DORM opened at $97.43 on Thursday. 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 company has a market cap of $3.03 billion, a PE ratio of 23.76 and a beta of 0.81. The business has a fifty day moving average of $87.05 and a 200 day moving average of $79.85. Dorman Products, Inc. has a 52-week low of $60.01 and a 52-week high of $97.70.

Dorman Products (NASDAQ:DORMGet Free Report) last issued its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.16. The business had revenue of $494.30 million during the quarter, compared to the consensus estimate of $494.86 million. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. On average, sell-side analysts expect that Dorman Products, Inc. will post 5.55 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Roth Mkm reiterated a “buy” rating and set a $116.00 target price on shares of Dorman Products in a research report on Monday. StockNews.com upgraded Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. TheStreet upgraded Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Finally, Barrington Research reiterated an “outperform” rating and set a $90.00 target price on shares of Dorman Products in a research report on Tuesday, February 27th.

Read Our Latest Stock Report on Dorman Products

About Dorman Products

(Free Report)

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.

See Also

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

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