Cibc World Markets Corp Invests $313,000 in Dorman Products, Inc. (NASDAQ:DORM)

Cibc World Markets Corp acquired a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,419 shares of the auto parts company's stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Dorman Products in the 4th quarter worth approximately $287,000. Intech Investment Management LLC purchased a new stake in Dorman Products during the third quarter worth $2,014,000. Empowered Funds LLC bought a new stake in Dorman Products during the 4th quarter valued at $387,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Dorman Products by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock valued at $45,954,000 after acquiring an additional 4,102 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Dorman Products by 431.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company's stock valued at $1,563,000 after acquiring an additional 11,246 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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Dorman Products Stock Down 3.5 %

Shares of NASDAQ DORM traded down $4.44 during trading hours on Friday, hitting $120.71. 241,376 shares of the stock were exchanged, compared to its average volume of 157,530. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The firm has a fifty day moving average price of $127.87 and a 200-day moving average price of $126.57. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.69 billion, a PE ratio of 20.19 and a beta of 0.84.

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

Insider Activity at Dorman Products

In other news, Director Steven L. Berman sold 617 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $123.23, for a total transaction of $76,032.91. Following the transaction, the director now owns 832,910 shares in the company, valued at $102,639,499.30. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the 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 transaction, the senior vice president now directly owns 19,894 shares of the company's stock, valued at $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,842 shares of company stock valued at $4,048,449 in the last ninety days. Corporate insiders own 10.00% of the company's stock.

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.