Geode Capital Management LLC Has $81.80 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Geode Capital Management LLC cut its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 631,244 shares of the auto parts company's stock after selling 4,344 shares during the quarter. Geode Capital Management LLC owned approximately 2.07% of Dorman Products worth $81,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. acquired a new stake in Dorman Products in the third quarter valued at approximately $29,000. Jones Financial Companies Lllp raised its holdings in Dorman Products by 518.4% during the fourth 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. Quent Capital LLC acquired a new position in shares of Dorman Products during the 4th quarter valued at about $31,000. CIBC Private Wealth Group LLC lifted its holdings in Dorman Products by 163.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after purchasing an additional 172 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Dorman Products in the fourth quarter valued at approximately $42,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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Insider Activity at Dorman Products

In related news, Director Steven L. Berman sold 3,542 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $130.82, for a total transaction of $463,364.44. Following the transaction, the director now owns 819,605 shares in the company, valued at $107,220,726.10. This represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donna M. Long sold 742 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was 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 approximately $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,454 shares of company stock valued at $3,617,544 in the last three months. Corporate insiders own 10.00% of the company's stock.

Dorman Products Stock Performance

DORM stock traded down $0.64 on Wednesday, reaching $110.78. 32,878 shares of the company were exchanged, compared to its average volume of 170,199. The stock's fifty day moving average price is $123.63 and its 200 day moving average price is $126.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm has a market capitalization of $3.39 billion, a PE ratio of 18.55 and a beta of 0.87. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60.

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

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.