Cerity Partners LLC Trims Stake in Dorman Products, Inc. (NASDAQ:DORM)

Cerity Partners LLC decreased its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,525 shares of the auto parts company's stock after selling 2,775 shares during the period. Cerity Partners LLC owned 0.08% of Dorman Products worth $3,177,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Sierra Summit Advisors LLC acquired a new stake in shares of Dorman Products in the fourth quarter valued at approximately $565,000. Aristides Capital LLC boosted its stake in Dorman Products by 106.1% during the 4th quarter. Aristides Capital LLC now owns 14,425 shares of the auto parts company's stock worth $1,869,000 after purchasing an additional 7,425 shares during the period. Wells Fargo & Company MN grew its position in Dorman Products by 9.9% during the 4th quarter. Wells Fargo & Company MN now owns 63,351 shares of the auto parts company's stock worth $8,207,000 after purchasing an additional 5,682 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new position in Dorman Products in the fourth quarter valued at $1,516,000. Finally, Pitcairn Co. raised its holdings in shares of Dorman Products by 2.0% in the fourth quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company's stock valued at $582,000 after buying an additional 86 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Dorman Products Stock Performance

Shares of NASDAQ:DORM traded down $0.49 during midday trading on Friday, hitting $111.18. The stock had a trading volume of 274,598 shares, compared to its average volume of 172,684. The company has a market capitalization of $3.40 billion, a PE ratio of 18.59 and a beta of 0.87. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60. The stock has a 50 day moving average price of $122.73 and a two-hundred day moving average price of $126.63. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

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. The company had revenue of $533.77 million for the quarter, compared to analysts' expectations of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. As a group, equities analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven L. Berman sold 9,238 shares of Dorman Products stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the sale, the director now owns 788,688 shares of the company's stock, valued at approximately $104,682,558.24. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,679 shares of company stock valued at $3,253,409. 10.00% of the stock is owned by company insiders.

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.