CenterBook Partners LP Has $2.24 Million Stake in Dorman Products, Inc. (NASDAQ:DORM)

CenterBook Partners LP grew its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 59.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,291 shares of the auto parts company’s stock after acquiring an additional 6,455 shares during the period. CenterBook Partners LP owned 0.06% of Dorman Products worth $2,240,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DORM. HighPoint Advisor Group LLC boosted its position in shares of Dorman Products by 3.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company’s stock valued at $308,000 after purchasing an additional 83 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Dorman Products by 1.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock worth $617,000 after buying an additional 84 shares in the last quarter. Pitcairn Co. grew its position in shares of Dorman Products by 2.0% during the 4th quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company’s stock worth $582,000 after buying an additional 86 shares during the period. Csenge Advisory Group increased its stake in shares of Dorman Products by 0.5% in the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock valued at $2,500,000 after acquiring an additional 96 shares in the last quarter. Finally, Heritage Family Offices LLP lifted its position in shares of Dorman Products by 4.9% during the 4th quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock valued at $276,000 after acquiring an additional 100 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Up 5.0 %

Shares of NASDAQ:DORM opened at $118.43 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60. The business’s 50 day simple moving average is $125.08 and its two-hundred day simple moving average is $126.80. The firm has a market cap of $3.62 billion, a P/E ratio of 19.80 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last posted its quarterly 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 net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. As a group, research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Berman sold 285 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the sale, the director now directly owns 833,527 shares of the company’s stock, 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. Insiders sold a total of 30,842 shares of company stock valued at $4,048,449 over the last three months. Corporate insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

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

Dorman Products Company 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.