Alberta Investment Management Corp Makes New Investment in Dorman Products, Inc. (NASDAQ:DORM)

Alberta Investment Management Corp acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,700 shares of the auto parts company's stock, valued at approximately $1,049,000.

A number of other institutional investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its holdings in shares of Dorman Products by 163.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after buying an additional 172 shares in the last quarter. USA Financial Formulas boosted its position in Dorman Products by 127.6% during the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock valued at $47,000 after acquiring an additional 217 shares during the last quarter. Blue Trust Inc. boosted its position in Dorman Products by 42.5% during the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock valued at $61,000 after acquiring an additional 150 shares during the last quarter. Covestor Ltd boosted its position in shares of Dorman Products by 46.4% during the 4th quarter. Covestor Ltd now owns 555 shares of the auto parts company's stock worth $72,000 after purchasing an additional 176 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Dorman Products by 51.3% during the 1st quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company's stock worth $69,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

Insider Buying and Selling at Dorman Products

In other news, Director John J. Gavin sold 2,900 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the transaction, the director directly owned 8,132 shares of the company's stock, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 820 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the transaction, the senior vice president directly owned 19,074 shares of the company's stock, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.90% of the company's stock.

Dorman Products Stock Performance

Shares of DORM stock traded up $8.57 during trading hours on Tuesday, hitting $133.23. 717,245 shares of the company were exchanged, compared to its average volume of 161,877. The firm has a fifty day simple moving average of $124.31 and a 200 day simple moving average of $123.92. The company has a current ratio of 2.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. Dorman Products, Inc. has a 52-week low of $102.00 and a 52-week high of $146.60. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 18.13 and a beta of 0.79.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.64%. The firm had revenue of $540.96 million during the quarter, compared to the consensus estimate of $517.13 million. During the same period last year, the firm earned $1.67 EPS. The business's quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th.

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.