Canada Pension Plan Investment Board Invests $2.38 Million in Dorman Products, Inc. (NASDAQ:DORM)

Canada Pension Plan Investment Board purchased a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,400 shares of the auto parts company's stock, valued at approximately $2,384,000. Canada Pension Plan Investment Board owned about 0.06% of Dorman Products at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DORM. Flagship Harbor Advisors LLC purchased a new stake in Dorman Products during the 4th quarter valued at $287,000. Charles Schwab Investment Management Inc. lifted its holdings in Dorman Products by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock valued at $45,954,000 after acquiring an additional 4,102 shares during the period. Empowered Funds LLC purchased a new position in Dorman Products in the fourth quarter worth about $387,000. Thrivent Financial for Lutherans grew its stake in shares of Dorman Products by 21.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company's stock valued at $4,047,000 after purchasing an additional 5,441 shares during the period. Finally, LPL Financial LLC increased its position in shares of Dorman Products by 216.6% during the 4th quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company's stock valued at $2,555,000 after purchasing an additional 13,487 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Performance

NASDAQ:DORM traded up $0.04 during mid-day trading on Tuesday, hitting $111.35. 99,448 shares of the company traded hands, compared to its average volume of 175,484. The stock's fifty day moving average price is $120.99 and its 200-day moving average price is $126.91. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a one year low of $86.77 and a one year high of $146.60. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 18.65 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction that occurred 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 sale, the senior vice president now owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven L. Berman sold 8,524 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the transaction, the director now owns 773,094 shares of the company's stock, valued at $101,886,058.26. The trade was a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

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.