CenterBook Partners LP Grows Position in Dorman Products, Inc. (NASDAQ:DORM)

CenterBook Partners LP raised its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 59.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,291 shares of the auto parts company’s stock after purchasing an additional 6,455 shares during the period. CenterBook Partners LP’s holdings in Dorman Products were worth $2,240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC raised its holdings in Dorman Products by 63.5% during the 3rd quarter. FMR LLC now owns 3,322 shares of the auto parts company’s stock valued at $376,000 after acquiring an additional 1,290 shares during the period. Captrust Financial Advisors purchased a new position in shares of Dorman Products in the third quarter valued at $206,000. Verition Fund Management LLC bought a new stake in shares of Dorman Products during the 3rd quarter valued at $237,000. HighTower Advisors LLC lifted its holdings in Dorman Products by 431.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock worth $1,563,000 after purchasing an additional 11,246 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Dorman Products by 8.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,257 shares of the auto parts company’s stock worth $482,000 after purchasing an additional 349 shares during the period. Institutional investors own 84.70% of the company’s stock.

Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction on Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the sale, the director now owns 832,910 shares in the company, valued at $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,842 shares of company stock worth $4,048,449. 10.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Dorman Products Price Performance

NASDAQ:DORM opened at $118.43 on Thursday. Dorman Products, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60. The stock has a fifty day moving average of $125.08 and a 200 day moving average of $126.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 19.80 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. The firm had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. On average, research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

About Dorman Products

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.