Sierra Summit Advisors LLC Acquires New Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Sierra Summit Advisors LLC bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the fourth quarter, Holdings Channel reports. The fund bought 4,361 shares of the auto parts company’s stock, valued at approximately $565,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. bought a new position in shares of Dorman Products in the third quarter worth $29,000. Jones Financial Companies Lllp increased its stake in Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 197 shares during the last quarter. Quent Capital LLC bought a new position in Dorman Products in the 4th quarter worth about $31,000. CIBC Private Wealth Group LLC raised its holdings in shares of 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 valued at $35,000 after acquiring an additional 172 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Dorman Products during the 4th quarter valued at about $42,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

NASDAQ DORM opened at $115.85 on Monday. The company has a market capitalization of $3.54 billion, a P/E ratio of 19.37 and a beta of 0.87. 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 52-week low of $86.61 and a 52-week high of $146.60. The company has a fifty day moving average of $126.81 and a 200-day moving average of $126.97.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data 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. The firm had revenue of $533.77 million during the quarter, compared to analysts’ expectations of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. As a group, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling at Dorman Products

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 shares were sold at an average price of $123.50, for a total transaction of $35,197.50. Following the completion of the sale, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the sale, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,842 shares of company stock worth $4,048,449 over the last ninety days. Insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 14th.

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.