Dorman Products, Inc. (NASDAQ:DORM) Stock Position Increased by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 16.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Dorman Products by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company's stock worth $17,031,000 after acquiring an additional 3,206 shares in the last quarter. Norges Bank bought a new position in Dorman Products during the 4th quarter worth about $41,047,000. LPL Financial LLC grew its holdings in Dorman Products by 216.6% during the 4th quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company's stock worth $2,555,000 after acquiring an additional 13,487 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Dorman Products by 21.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company's stock valued at $4,047,000 after buying an additional 5,441 shares during the last quarter. Finally, Zions Bancorporation N.A. purchased a new stake in shares of Dorman Products during the fourth quarter valued at about $1,168,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Analyst Upgrades and Downgrades

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

Dorman Products Trading Down 0.9%

NASDAQ:DORM traded down $1.07 on Friday, reaching $121.33. 143,984 shares of the company's stock were exchanged, compared to its average volume of 190,863. Dorman Products, Inc. has a 52-week low of $94.87 and a 52-week high of $146.60. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 17.41 and a beta of 0.85. 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 business has a fifty day moving average of $125.83 and a 200-day moving average of $124.33.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $483.09 million. During the same quarter last year, the business posted $1.31 earnings per share. The business's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Activity at Dorman Products

In other news, Director John J. Gavin sold 2,900 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $131.19, for a total value of $380,451.00. Following the transaction, the director directly owned 8,132 shares in the company, valued at $1,066,837.08. This trade represents a 26.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is currently owned by company insiders.

About Dorman Products

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.