Sierra Summit Advisors LLC Buys New Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Sierra Summit Advisors LLC purchased a new position in Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,361 shares of the auto parts company’s stock, valued at approximately $565,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Dorman Products in the 4th quarter valued at $41,047,000. Wellington Management Group LLP lifted its stake in shares of Dorman Products by 1,136.2% in the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Dorman Products by 889.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 126,180 shares of the auto parts company’s stock valued at $16,347,000 after buying an additional 113,424 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock valued at $392,372,000 after purchasing an additional 91,361 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Dorman Products by 8.6% during the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after buying an additional 87,780 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th.

Insider Buying and Selling

In other news, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the sale, the senior vice president now owns 19,894 shares of the company’s stock, valued at $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven L. Berman sold 285 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $123.50, for a total transaction of $35,197.50. Following the sale, the director now owns 833,527 shares in the company, valued at $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,842 shares of company stock valued at $4,048,449. 10.00% of the stock is owned by insiders.

Dorman Products Stock Up 0.4 %

DORM opened at $115.85 on Monday. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The company’s 50-day moving average price is $126.81 and its two-hundred day moving average price is $126.97. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 19.37 and a beta of 0.87. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

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

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.