Alberta Investment Management Corp Acquires Shares of 8,700 Dorman Products, Inc. (NASDAQ:DORM)

Alberta Investment Management Corp acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,700 shares of the auto parts company’s stock, valued at approximately $1,049,000.

A number of other hedge funds also recently bought and sold shares of DORM. CIBC Private Wealth Group LLC boosted 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 valued at $35,000 after purchasing an additional 172 shares during the last quarter. USA Financial Formulas boosted its holdings in Dorman Products by 127.6% in the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 217 shares during the last quarter. Blue Trust Inc. boosted its holdings in Dorman Products by 42.5% in the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 150 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Dorman Products by 51.3% in the 1st quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company’s stock valued at $69,000 after purchasing an additional 195 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Dorman Products by 46.4% in the 4th quarter. Covestor Ltd now owns 555 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Stock Performance

NASDAQ:DORM opened at $119.13 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 17.09 and a beta of 0.79. The company’s 50-day moving average is $124.32 and its two-hundred day moving average is $123.96. Dorman Products, Inc. has a 1-year low of $94.87 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.48 by $0.54. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The firm had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. During the same period in the prior year, the business posted $1.31 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Activity at Dorman Products

In other news, Director John J. Gavin sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the transaction, the director directly owned 8,132 shares in the company, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 820 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the transaction, the senior vice president owned 19,074 shares in the company, valued at approximately $2,331,033.54. This represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th.

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.