Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 16.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,585 shares of the auto parts company's stock after purchasing an additional 4,060 shares during the quarter. Cerity Partners LLC owned about 0.09% of Dorman Products worth $3,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DORM. Fuller & Thaler Asset Management Inc. purchased a new stake in Dorman Products in the 4th quarter valued at approximately $42,495,000. Norges Bank purchased a new stake in shares of Dorman Products during the 4th quarter valued at $41,047,000. Oberweis Asset Management Inc. purchased a new stake in shares of Dorman Products during the 4th quarter valued at $23,283,000. Wellington Management Group LLP grew its stake in shares of Dorman Products by 1,136.2% during the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock valued at $22,635,000 after buying an additional 160,584 shares during the period. Finally, Cercano Management LLC purchased a new stake in Dorman Products during the 4th quarter worth $16,328,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

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 that occurred on Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the sale, the director directly owned 8,132 shares of the company's stock, valued at $1,066,837.08. This represents a 26.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Dorman Products Price Performance

Shares of DORM stock traded up $0.66 during trading on Tuesday, hitting $122.11. The company had a trading volume of 138,320 shares, compared to its average volume of 190,682. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 0.33. The stock's 50-day moving average is $125.83 and its two-hundred day moving average is $124.30. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 17.52 and a beta of 0.85. Dorman Products, Inc. has a 52 week low of $94.87 and a 52 week high of $146.60.

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