Semanteon Capital Management LP Makes New Investment in Dorman Products, Inc. (NASDAQ:DORM)

Semanteon Capital Management LP acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,152 shares of the auto parts company’s stock, valued at approximately $847,000.

Other large investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of Dorman Products by 0.7% during the 3rd quarter. Invesco Ltd. now owns 516,594 shares of the auto parts company’s stock valued at $39,137,000 after purchasing an additional 3,483 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Dorman Products by 1.7% during the 4th quarter. WCM Investment Management LLC now owns 314,741 shares of the auto parts company’s stock valued at $26,640,000 after purchasing an additional 5,117 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dorman Products by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 312,818 shares of the auto parts company’s stock valued at $23,699,000 after purchasing an additional 12,434 shares during the last quarter. Summit Creek Advisors LLC lifted its holdings 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 purchasing an additional 876 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Dorman Products by 182.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company’s stock worth $17,805,000 after acquiring an additional 137,979 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Performance

DORM traded up $1.15 during midday trading on Friday, hitting $89.23. 73,775 shares of the company were exchanged, compared to its average volume of 115,426. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $98.55. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 21.70 and a beta of 0.81. The company’s 50 day simple moving average is $90.98 and its 200 day simple moving average is $82.16.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, February 26th. The auto parts company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.16. The firm had revenue of $494.30 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $1.01 EPS. As a group, sell-side analysts predict that Dorman Products, Inc. will post 5.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DORM shares. StockNews.com upgraded Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. TheStreet upgraded Dorman Products from a “c+” rating to a “b” rating in a research note on Wednesday, March 20th. Roth Mkm restated a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a research note on Monday, March 25th. Finally, Barrington Research restated an “outperform” rating and issued a $90.00 target price on shares of Dorman Products in a research note on Tuesday, February 27th.

Dorman Products Company Profile

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.