4,361 Shares in Dorman Products, Inc. (NASDAQ:DORM) Purchased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,361 shares of the auto parts company's stock, valued at approximately $565,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in Dorman Products during the 3rd quarter worth about $29,000. Jones Financial Companies Lllp grew its holdings in shares of Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after acquiring an additional 197 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Dorman Products in the fourth quarter valued at about $31,000. CIBC Private Wealth Group LLC raised its holdings in Dorman Products by 163.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after acquiring an additional 172 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Dorman Products during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 84.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 617 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the transaction, the director now directly owns 832,910 shares of the company's stock, valued at $102,639,499.30. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the sale, the senior vice president now owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,557 shares of company stock valued at $4,013,252 in the last quarter. 10.00% of the stock is currently owned by insiders.

Dorman Products Stock Performance

Shares of DORM stock traded down $2.01 on Friday, reaching $111.86. The stock had a trading volume of 388,176 shares, compared to its average volume of 167,364. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 18.71 and a beta of 0.87. The firm's 50-day moving average is $124.34 and its two-hundred day moving average is $126.77. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

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 firm had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. On average, research analysts expect 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.