7,361 Shares in Dorman Products, Inc. (NASDAQ:DORM) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,361 shares of the auto parts company's stock, valued at approximately $954,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd purchased a new stake in shares of Dorman Products during the fourth quarter valued at $669,000. Handelsbanken Fonder AB lifted its stake in Dorman Products by 11.0% during the fourth quarter. Handelsbanken Fonder AB now owns 8,044 shares of the auto parts company's stock valued at $1,042,000 after buying an additional 800 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Dorman Products by 1.7% in the fourth quarter. Truist Financial Corp now owns 35,405 shares of the auto parts company's stock worth $4,587,000 after buying an additional 602 shares during the period. Principal Financial Group Inc. increased its position in shares of Dorman Products by 3.2% in the fourth quarter. Principal Financial Group Inc. now owns 138,082 shares of the auto parts company's stock worth $17,889,000 after acquiring an additional 4,247 shares in the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of Dorman Products by 0.5% during the fourth quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company's stock valued at $2,500,000 after acquiring an additional 96 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 28th.

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Insider Buying and Selling

In other Dorman Products news, Director Steven L. Berman sold 285 shares of the company's stock in a transaction dated Friday, January 10th. The stock was 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 of the company's stock, valued at $102,940,584.50. This represents a 0.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 41,348 shares of company stock worth $5,479,185. Corporate insiders own 10.00% of the company's stock.

Dorman Products Stock Up 3.5 %

Shares of DORM stock traded up $4.54 during trading on Wednesday, hitting $134.79. 295,219 shares of the company were exchanged, compared to its average volume of 193,812. The business's 50-day simple moving average is $128.56 and its 200 day simple moving average is $124.76. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 22.54 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its 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. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. As a group, analysts forecast 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.