126,036 Shares in Dorman Products, Inc. (NASDAQ:DORM) Bought by Cercano Management LLC

Cercano Management LLC purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 126,036 shares of the auto parts company's stock, valued at approximately $16,328,000. Cercano Management LLC owned approximately 0.41% of Dorman Products at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DORM. Jones Financial Companies Lllp raised its position in shares of Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after buying an additional 197 shares during the period. Quent Capital LLC acquired a new stake in shares of Dorman Products in the fourth quarter valued at $31,000. CIBC Private Wealth Group LLC raised its holdings in shares of Dorman Products by 163.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock valued at $35,000 after buying an additional 172 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Dorman Products during the 4th quarter worth about $42,000. Finally, Blue Trust Inc. boosted its holdings in Dorman Products by 1,581.0% during the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 332 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated 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 in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.90% of the stock is owned by corporate insiders.

Dorman Products Stock Up 0.2 %

NASDAQ:DORM traded up $0.26 during trading hours on Friday, hitting $124.54. The company's stock had a trading volume of 180,902 shares, compared to its average volume of 181,896. Dorman Products, Inc. has a 52-week low of $87.05 and a 52-week high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.81 billion, a P/E ratio of 20.83 and a beta of 0.86. The stock has a fifty day moving average of $119.45 and a 200-day moving average of $126.88.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.54. The business had revenue of $507.69 million for the quarter, compared to the consensus estimate of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 EPS. On average, equities analysts forecast 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.