Fiera Capital Corp Acquires 115,498 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Key Points

• Fiera Capital Corp increased its stake in Dorman Products by 52.1% in the 1st quarter, owning 337,288 shares valued at approximately $40.7 million.
• Dorman Products reported an EPS of $2.02 for the last quarter, exceeding analyst expectations and showing an 8.3% revenue increase year-over-year.
• Recent insider activity included Director John J. Gavin selling 2,900 shares at an average price of $131.19, reducing his ownership by 26.29%.

Fiera Capital Corp boosted its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 52.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,288 shares of the auto parts company's stock after purchasing an additional 115,498 shares during the quarter. Fiera Capital Corp owned about 1.10% of Dorman Products worth $40,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC increased its holdings in shares of Dorman Products by 163.8% in the 4th 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 during the last quarter. USA Financial Formulas boosted its position in Dorman Products by 127.6% during the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock valued at $47,000 after buying an additional 217 shares during the period. Blue Trust Inc. grew its stake in shares of Dorman Products by 42.5% in the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock worth $61,000 after purchasing an additional 150 shares during the last quarter. Covestor Ltd grew its stake in shares of Dorman Products by 46.4% in the fourth quarter. Covestor Ltd now owns 555 shares of the auto parts company's stock worth $72,000 after purchasing an additional 176 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Dorman Products by 51.3% in 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 during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Stock Down 0.9%

NASDAQ DORM traded down $1.04 during trading hours on Friday, reaching $119.58. 80,781 shares of the company's stock traded hands, compared to its average volume of 211,390. The firm has a market cap of $3.65 billion, a PE ratio of 17.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. Dorman Products, Inc. has a 52-week low of $94.87 and a 52-week high of $146.60. The firm has a 50-day simple moving average of $124.44 and a 200 day simple moving average of $124.08.

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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $483.09 million. During the same period last year, the business earned $1.31 EPS. Dorman Products's revenue was up 8.3% compared to the same quarter last year. Sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analyst Ratings Changes

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.

Insider Buying and Selling

In other news, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $122.21, for a total value of $100,212.20. Following the completion of the sale, the senior vice president directly owned 19,074 shares in the company, valued at $2,331,033.54. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $380,451.00. Following the completion of the sale, the director owned 8,132 shares of the company's stock, valued at $1,066,837.08. This represents a 26.29% 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 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.