Cetera Investment Advisers Has $522,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

Cetera Investment Advisers raised its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 20.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,327 shares of the auto parts company’s stock after buying an additional 749 shares during the period. Cetera Investment Advisers’ holdings in Dorman Products were worth $522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DORM. USA Financial Formulas lifted its stake in shares of 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. raised its position in shares of Dorman Products by 42.5% during the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock valued at $61,000 after buying an additional 150 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Dorman Products by 51.3% during the first 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 in the last quarter. Johnson Financial Group Inc. acquired a new stake in Dorman Products during the fourth quarter valued at approximately $86,000. Finally, GAMMA Investing LLC boosted its holdings in Dorman Products by 40.8% during the first quarter. GAMMA Investing LLC now owns 945 shares of the auto parts company’s stock valued at $114,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $122.21, for a total value of $100,212.20. Following the sale, the senior vice president directly owned 19,074 shares in the company, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John J. Gavin sold 2,900 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the sale, the director owned 8,132 shares in the company, valued at approximately $1,066,837.08. This trade represents a 26.29% 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.

Dorman Products Price Performance

DORM opened at $152.48 on Friday. Dorman Products, Inc. has a one year low of $105.06 and a one year high of $157.59. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21. The company’s 50 day simple moving average is $127.49 and its 200-day simple moving average is $124.84. The stock has a market capitalization of $4.66 billion, a P/E ratio of 20.75 and a beta of 0.79.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The business had revenue of $540.96 million for the quarter, compared to analysts’ expectations of $517.13 million. During the same period in the prior year, the firm earned $1.67 earnings per share. Dorman Products’s revenue was up 7.6% compared to the same quarter last year. Sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th.

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.