Zions Bancorporation N.A. Acquires New Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Zions Bancorporation N.A. purchased a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,013 shares of the auto parts company's stock, valued at approximately $1,168,000.

Several other institutional investors and hedge funds have also bought and sold shares of DORM. Vanguard Group Inc. increased its position in Dorman Products by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock valued at $392,372,000 after purchasing an additional 91,361 shares during the period. State Street Corp raised its stake in Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock worth $125,374,000 after buying an additional 87,780 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock worth $15,084,000 after buying an additional 84,613 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in Dorman Products by 33.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company's stock valued at $17,385,000 after acquiring an additional 38,188 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Dorman Products during the 4th quarter worth approximately $4,810,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 14th.

Remove Ads

Dorman Products Stock Down 3.5 %

NASDAQ:DORM traded down $4.44 during mid-day trading on Friday, hitting $120.71. 241,376 shares of the company's stock were exchanged, compared to its average volume of 157,653. The company has a market cap of $3.69 billion, a PE ratio of 20.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a one year low of $86.61 and a one year high of $146.60. The business has a fifty day moving average price of $127.87 and a 200 day moving average price of $126.69.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $533.77 million for the quarter, compared to analysts' expectations of $523.95 million. Equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Activity

In related news, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the sale, the senior vice president now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Berman sold 285 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the transaction, the director now directly owns 833,527 shares in the company, valued at $102,940,584.50. This trade represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,842 shares of company stock worth $4,048,449 over the last three months. 10.00% of the stock is currently owned by corporate insiders.

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.