Cerity Partners LLC Purchases New Position in Dorman Products, Inc. (NASDAQ:DORM)

Cerity Partners LLC purchased a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,755 shares of the auto parts company’s stock, valued at approximately $230,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Yorktown Management & Research Co Inc bought a new stake in Dorman Products in the third quarter valued at approximately $280,000. Park Avenue Securities LLC bought a new stake in shares of Dorman Products in the 3rd quarter valued at $268,000. Inspire Advisors LLC acquired a new stake in shares of Dorman Products during the third quarter worth $649,000. Summit Creek Advisors LLC raised its stake in Dorman Products by 0.4% during the third quarter. Summit Creek Advisors LLC now owns 245,210 shares of the auto parts company’s stock worth $18,577,000 after buying an additional 876 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Dorman Products in the third quarter valued at $13,507,000. 84.70% of the stock is owned by institutional investors.

Dorman Products Price Performance

DORM stock opened at $88.76 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 2.25. The business has a 50-day simple moving average of $91.12 and a two-hundred day simple moving average of $82.32. The company has a market capitalization of $2.75 billion, a P/E ratio of 21.84 and a beta of 0.81. Dorman Products, Inc. has a 52-week low of $60.01 and a 52-week high of $98.55.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.16. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The company had revenue of $494.30 million for the quarter, compared to analysts’ expectations of $494.86 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Dorman Products’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts expect that Dorman Products, Inc. will post 5.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DORM has been the subject of several research analyst reports. TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Barrington Research reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Dorman Products in a research note on Tuesday, February 27th. Roth Mkm reissued a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a research report on Monday, March 25th. Finally, StockNews.com upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

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.