Cibc World Markets Corp Makes New Investment 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 13F filing with the Securities and Exchange Commission. The fund acquired 2,419 shares of the auto parts company's stock, valued at approximately $313,000.

A number of other institutional investors also recently made changes to their positions in the business. Westside Investment Management Inc. bought a new stake in Dorman Products in the 3rd quarter worth $29,000. Jones Financial Companies Lllp boosted its holdings in shares of Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after buying an additional 197 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Dorman Products in the 3rd quarter worth about $31,000. Quent Capital LLC bought a new position in shares of Dorman Products in the 4th quarter worth about $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Dorman Products during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insider Activity

In other Dorman Products news, Director Steven L. Berman sold 285 shares of the 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 transaction, the director now directly owns 833,527 shares in the company, valued at approximately $102,940,584.50. This trade represents a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the business's stock in a transaction 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 sale, the senior vice president now directly owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,475 shares of company stock valued at $4,397,374 in the last 90 days. 10.00% of the stock is currently owned by insiders.

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Dorman Products Stock Down 0.6 %

DORM stock traded down $0.73 during trading on Tuesday, hitting $126.00. 156,409 shares of the stock traded hands, compared to its average volume of 147,855. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 21.07 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 1 year low of $86.61 and a 1 year high of $146.60. The firm's 50 day moving average is $128.21 and its two-hundred day moving average is $126.50.

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

Analysts Set New Price Targets

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

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.