Cerity Partners LLC Raises Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Cerity Partners LLC grew its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 50.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,300 shares of the auto parts company's stock after buying an additional 9,201 shares during the quarter. Cerity Partners LLC owned approximately 0.09% of Dorman Products worth $3,088,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Equitable Trust Co. lifted its stake in shares of Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company's stock valued at $508,000 after buying an additional 97 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of Dorman Products by 1.3% in the second quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company's stock valued at $794,000 after acquiring an additional 112 shares in the last quarter. Creative Planning boosted its stake in shares of Dorman Products by 3.3% in the second quarter. Creative Planning now owns 4,499 shares of the auto parts company's stock worth $412,000 after acquiring an additional 144 shares during the period. First Horizon Advisors Inc. grew its position in shares of Dorman Products by 28.3% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company's stock worth $75,000 after purchasing an additional 146 shares in the last quarter. Finally, Procyon Advisors LLC grew its position in shares of Dorman Products by 7.1% during the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company's stock worth $309,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $118.98, for a total transaction of $285,552.00. Following the sale, the senior vice president now directly owns 19,871 shares in the company, valued at $2,364,251.58. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven L. Berman sold 2,669 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $112.57, for a total value of $300,449.33. Following the completion of the sale, the director now directly owns 876,156 shares of the company's stock, valued at $98,628,880.92. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,988 shares of company stock worth $7,795,833 over the last 90 days. 10.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DORM shares. Roth Mkm restated a "buy" rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. CJS Securities assumed coverage on shares of Dorman Products in a report on Friday, September 13th. They issued an "outperform" rating and a $134.00 target price on the stock. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $125.67.

Dorman Products Price Performance

Shares of NASDAQ:DORM traded up $0.18 during mid-day trading on Friday, reaching $139.98. The stock had a trading volume of 60,380 shares, compared to its average volume of 229,501. The business's 50 day moving average price is $123.54 and its 200 day moving average price is $108.02. Dorman Products, Inc. has a 1 year low of $69.77 and a 1 year high of $146.60. The company has a market cap of $4.27 billion, a P/E ratio of 23.41 and a beta of 0.83. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $503.77 million for the quarter, compared to analysts' expectations of $509.54 million. During the same period in the prior year, the firm earned $1.40 EPS. The company's revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.