Alps Advisors Inc. Invests $342,000 in Dorman Products, Inc. (NASDAQ:DORM)

Alps Advisors Inc. acquired a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,840 shares of the auto parts company's stock, valued at approximately $342,000.

Several other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its stake in 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 purchasing an additional 197 shares during the period. Raymond James Financial Inc. bought a new stake in Dorman Products during the 4th quarter valued at approximately $4,810,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dorman Products by 13.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,213 shares of the auto parts company's stock valued at $934,000 after purchasing an additional 883 shares during the period. Commonwealth Equity Services LLC bought a new stake in Dorman Products during the 4th quarter valued at approximately $251,000. Finally, Natixis Advisors LLC raised its stake in Dorman Products by 4.0% during the 4th quarter. Natixis Advisors LLC now owns 28,570 shares of the auto parts company's stock valued at $3,701,000 after purchasing an additional 1,088 shares during the period. Institutional investors own 84.70% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.

Dorman Products Price Performance

NASDAQ:DORM traded down $1.07 during trading hours on Friday, reaching $121.33. The stock had a trading volume of 143,984 shares, compared to its average volume of 190,863. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 2.62. Dorman Products, Inc. has a 52 week low of $94.87 and a 52 week high of $146.60. The company has a 50 day moving average price of $125.83 and a two-hundred day moving average price of $124.33. The stock has a market capitalization of $3.70 billion, a PE ratio of 17.41 and a beta of 0.85.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.54. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. The business had revenue of $507.69 million for the quarter, compared to the consensus estimate of $483.09 million. During the same quarter in the previous year, the company posted $1.31 EPS. The company's revenue was up 8.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Transactions at Dorman Products

In other news, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $131.19, for a total value of $380,451.00. Following the completion of the transaction, the director owned 8,132 shares in the company, valued at approximately $1,066,837.08. The trade was a 26.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is currently owned by insiders.

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.