Dorman Products, Inc. (NASDAQ:DORM) Holdings Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in Dorman Products, Inc. (NASDAQ:DORM) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,058 shares of the auto parts company’s stock after acquiring an additional 370 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Dorman Products were worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Csenge Advisory Group grew its stake in Dorman Products by 0.5% during the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock worth $2,500,000 after buying an additional 96 shares during the last quarter. Equitable Trust Co. grew its stake in Dorman Products by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after buying an additional 97 shares during the last quarter. Heritage Family Offices LLP grew its stake in Dorman Products by 4.9% during the 4th quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock worth $276,000 after buying an additional 100 shares during the last quarter. First Horizon Advisors Inc. grew its stake in Dorman Products by 28.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock worth $75,000 after buying an additional 146 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in Dorman Products by 77.6% during the 4th quarter. Principal Securities Inc. now owns 396 shares of the auto parts company’s stock worth $51,000 after buying an additional 173 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Trading Down 0.2 %

Shares of DORM stock opened at $131.20 on Tuesday. 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, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60. The stock has a fifty day moving average of $128.60 and a two-hundred day moving average of $124.42. The firm has a market capitalization of $4.00 billion, a PE ratio of 21.94 and a beta of 0.88.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. As a group, research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on DORM. StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Friday. Roth Mkm reiterated a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th.

Insider Activity

In other news, Director Steven L. Berman sold 285 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the sale, the director now owns 833,527 shares in the company, valued at $102,940,584.50. This represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 41,348 shares of company stock worth $5,479,185 over the last 90 days. 10.00% of the stock is currently owned by company insiders.

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.