Cornerstone Investment Partners LLC Trims Position in Dorman Products, Inc. (NASDAQ:DORM)

Cornerstone Investment Partners LLC trimmed its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 19.6% during the 4th quarter, Holdings Channel reports. The fund owned 4,583 shares of the auto parts company’s stock after selling 1,115 shares during the period. Cornerstone Investment Partners LLC’s holdings in Dorman Products were worth $594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new position in Dorman Products during the 3rd quarter worth about $29,000. Jones Financial Companies Lllp lifted its holdings in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after buying an additional 197 shares during the period. Farther Finance Advisors LLC lifted its holdings in Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares during the period. Advisors Asset Management Inc. bought a new stake in Dorman Products during the 3rd quarter valued at $31,000. Finally, Quent Capital LLC purchased a new position in shares of Dorman Products in the 4th quarter valued at $31,000. 84.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DORM has been the subject of a number of analyst reports. StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Friday. Roth Mkm reiterated a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th.

Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 2,633 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $132.52, for a total value of $348,925.16. Following the sale, the director now owns 833,812 shares in the company, valued at $110,496,766.24. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 41,348 shares of company stock worth $5,479,185. Insiders own 10.00% of the company’s stock.

Dorman Products Price Performance

DORM opened at $131.20 on Tuesday. The business’s 50-day moving average is $128.60 and its two-hundred day moving average is $124.42. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm has a market capitalization of $4.00 billion, a PE ratio of 21.94 and a beta of 0.88.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share 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.