226,052 Shares in Dorman Products, Inc. (NASDAQ:DORM) Purchased by Fiera Capital Corp

Fiera Capital Corp purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 226,052 shares of the auto parts company's stock, valued at approximately $25,571,000. Fiera Capital Corp owned about 0.74% of Dorman Products at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DORM. Farther Finance Advisors LLC boosted its stake in shares of Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock worth $31,000 after purchasing an additional 273 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Dorman Products during the 2nd quarter worth about $37,000. GAMMA Investing LLC lifted its holdings in shares of Dorman Products by 63.2% during the 3rd quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company's stock worth $55,000 after acquiring an additional 187 shares during the period. USA Financial Formulas purchased a new position in shares of Dorman Products during the 3rd quarter worth about $58,000. Finally, Rothschild Investment LLC purchased a new position in shares of Dorman Products during the 2nd quarter worth about $66,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Stock Up 3.3 %

Shares of DORM stock traded up $4.41 during mid-day trading on Friday, reaching $137.76. 421,489 shares of the company were exchanged, compared to its average volume of 135,121. Dorman Products, Inc. has a fifty-two week low of $66.07 and a fifty-two week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The company has a market capitalization of $4.20 billion, a P/E ratio of 23.04 and a beta of 0.83. The business's 50 day simple moving average is $115.94 and its 200 day simple moving average is $102.97.

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

Insider Activity at Dorman Products

In related news, Director Steven L. Berman sold 215 shares of Dorman Products stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.01, for a total transaction of $25,157.15. Following the sale, the director now directly owns 881,298 shares in the company, valued at $103,120,678.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Dorman Products news, Director Steven L. Berman sold 215 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.01, for a total value of $25,157.15. Following the sale, the director now directly owns 881,298 shares in the company, valued at approximately $103,120,678.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 27,632 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the sale, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,833 shares of company stock worth $7,050,877 over the last ninety days. 10.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DORM has been the topic of several recent analyst reports. Roth Mkm reiterated a "buy" rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities began coverage on shares of Dorman Products in a report on Friday, September 13th. They issued an "outperform" rating and a $134.00 price target on the stock. Four analysts have rated the stock with a buy rating, According to MarketBeat, Dorman Products presently has a consensus rating of "Buy" and a consensus price target of $125.67.

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.