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

Oppenheimer Asset Management Inc. grew its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 2.7% in the 4th quarter, HoldingsChannel reports. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Csenge Advisory Group lifted 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 purchasing an additional 96 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of Dorman Products by 2.2% during the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock valued at $508,000 after purchasing an additional 97 shares during the last quarter. Heritage Family Offices LLP lifted its holdings in shares of Dorman Products by 4.9% during the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 100 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Dorman Products by 28.3% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock valued at $75,000 after purchasing an additional 146 shares during the last quarter. Finally, Principal Securities Inc. raised its position in Dorman Products by 77.6% during the fourth quarter. Principal Securities Inc. now owns 396 shares of the auto parts company’s stock valued at $51,000 after buying an additional 173 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Stock Down 0.2 %

NASDAQ:DORM opened at $131.20 on Tuesday. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 21.94 and a beta of 0.88. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $128.60 and its 200 day moving average price is $124.42.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, topping 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 company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. On average, sell-side analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 617 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 41,348 shares of company stock valued at $5,479,185 in the last three months. Insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

DORM has been the topic of several recent analyst reports. StockNews.com raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday. Roth Mkm reissued a “buy” rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th.

Dorman Products Company 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.