Tributary Capital Management LLC Sells 851 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Tributary Capital Management LLC lessened its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,529 shares of the auto parts company’s stock after selling 851 shares during the quarter. Dorman Products makes up approximately 1.8% of Tributary Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Tributary Capital Management LLC owned approximately 0.67% of Dorman Products worth $23,249,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Dorman Products by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock valued at $292,282,000 after buying an additional 41,849 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Dorman Products by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock valued at $94,136,000 after purchasing an additional 24,811 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Dorman Products by 73.1% during the first quarter. Jennison Associates LLC now owns 283,387 shares of the auto parts company’s stock worth $27,316,000 after purchasing an additional 119,707 shares during the period. Summit Creek Advisors LLC lifted its holdings in Dorman Products by 0.6% during the 1st quarter. Summit Creek Advisors LLC now owns 227,303 shares of the auto parts company’s stock worth $21,910,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Dorman Products by 5.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 224,374 shares of the auto parts company’s stock worth $20,526,000 after purchasing an additional 10,915 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total value of $3,197,575.04. Following the sale, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Dorman Products news, SVP Jeffery Darby sold 1,400 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the sale, the senior vice president now directly owns 22,271 shares in the company, valued at approximately $2,538,448.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the sale, the director now directly owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 53,297 shares of company stock worth $6,163,491 over the last three months. Company insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, CJS Securities assumed coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 target price on the stock. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $113.33.

Dorman Products Price Performance

Dorman Products stock opened at $114.91 on Monday. The company has a market capitalization of $3.56 billion, a PE ratio of 23.12 and a beta of 0.82. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $112.68 and a two-hundred day moving average price of $100.52. Dorman Products, Inc. has a 12 month low of $60.01 and a 12 month high of $119.28.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Thursday, August 1st. The auto parts company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.48. The firm had revenue of $502.95 million for the quarter, compared to analyst estimates of $497.46 million. Dorman Products had a net margin of 8.75% and a return on equity of 15.97%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 EPS. Analysts expect that Dorman Products, Inc. will post 6.15 EPS for the current year.

About Dorman Products

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.