652 Shares in Dorman Products, Inc. (NASDAQ:DORM) Acquired by Johnson Financial Group Inc.

Johnson Financial Group Inc. bought a new position in Dorman Products, Inc. (NASDAQ:DORM) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 652 shares of the auto parts company’s stock, valued at approximately $86,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DORM. Westside Investment Management Inc. acquired a new stake in Dorman Products in the 3rd quarter worth approximately $29,000. Jones Financial Companies Lllp lifted its holdings in Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 197 shares during the last quarter. Quent Capital LLC acquired a new stake in Dorman Products in the 4th quarter worth approximately $31,000. CIBC Private Wealth Group LLC lifted its holdings in 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 purchasing an additional 172 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Dorman Products during the fourth quarter worth approximately $42,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Insider Activity

In related news, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the transaction, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value of $1,123,377.96. Following the completion of the transaction, the director now directly owns 773,094 shares of the company’s stock, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by company insiders.

Dorman Products Stock Down 2.7 %

DORM opened at $111.31 on Tuesday. Dorman Products, Inc. has a 1-year low of $86.77 and a 1-year high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 18.61 and a beta of 0.87. The business has a 50 day moving average of $120.99 and a 200-day moving average of $126.91.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share 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 during the quarter, compared to analysts’ expectations of $523.95 million. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current 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.