Cerity Partners LLC Has $3.45 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Cerity Partners LLC lifted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 16.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,585 shares of the auto parts company’s stock after buying an additional 4,060 shares during the period. Cerity Partners LLC owned about 0.09% of Dorman Products worth $3,446,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DORM. Captrust Financial Advisors boosted its position in Dorman Products by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company’s stock valued at $247,000 after buying an additional 79 shares in the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of Dorman Products by 3.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company’s stock valued at $308,000 after acquiring an additional 83 shares during 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 valued at $617,000 after acquiring an additional 84 shares in the last quarter. Pitcairn Co. grew its position in 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 acquiring an additional 86 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in Dorman Products by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company’s stock worth $350,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Activity at Dorman Products

In related news, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the transaction, the director owned 8,132 shares of the company’s stock, valued at $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th.

Dorman Products Price Performance

DORM stock opened at $121.33 on Friday. The company has a market capitalization of $3.70 billion, a P/E ratio of 17.41 and a beta of 0.85. The company has a fifty day moving average price of $125.83 and a 200-day moving average price of $124.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 2.62. Dorman Products, Inc. has a 52-week low of $94.87 and a 52-week high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.54. The business had revenue of $507.69 million during the quarter, compared to the consensus estimate of $483.09 million. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. Dorman Products’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. As a group, equities analysts expect that Dorman Products, Inc. will post 6.9 EPS 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.