Dorman Products, Inc. (NASDAQ:DORM) Stock Position Raised by Algert Global LLC

Algert Global LLC lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,928 shares of the auto parts company's stock after buying an additional 27,490 shares during the quarter. Algert Global LLC owned 0.28% of Dorman Products worth $11,262,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighPoint Advisor Group LLC increased its stake in Dorman Products by 3.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company's stock worth $308,000 after buying an additional 83 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Dorman Products by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company's stock valued at $617,000 after purchasing an additional 84 shares during the last quarter. Pitcairn Co. increased its holdings in Dorman Products by 2.0% during the 4th quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company's stock worth $582,000 after purchasing an additional 86 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Dorman Products by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock valued at $350,000 after buying an additional 87 shares during the last quarter. Finally, Csenge Advisory Group increased its stake in shares of Dorman Products by 0.5% in the fourth quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company's stock worth $2,500,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 742 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the sale, the senior vice president now directly owns 19,894 shares of the company's stock, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 8.90% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Monday.

Dorman Products Stock Performance

DORM traded up $1.10 during trading hours on Friday, hitting $125.38. 83,909 shares of the stock were exchanged, compared to its average volume of 237,624. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a 12 month low of $87.05 and a 12 month high of $146.60. The stock has a 50-day simple moving average of $119.56 and a 200-day simple moving average of $126.81. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 20.97 and a beta of 0.86.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.54. The business had revenue of $507.69 million during the quarter, compared to the consensus estimate of $483.09 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 earnings per share. Analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Dorman Products 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.