493 Shares in Dorman Products, Inc. (NASDAQ:DORM) Purchased by Mather Group LLC.

Mather Group LLC. acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 493 shares of the auto parts company’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DORM. Parallel Advisors LLC increased its position in shares of Dorman Products by 277.4% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 233 shares during the last quarter. Headinvest LLC acquired a new stake in shares of Dorman Products during the 3rd quarter worth about $30,000. Quest Partners LLC acquired a new stake in shares of Dorman Products during the 4th quarter worth about $37,000. Cerity Partners LLC acquired a new stake in shares of Dorman Products during the 4th quarter worth about $230,000. Finally, Glenmede Trust Co. NA grew its position in Dorman Products by 26.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,331 shares of the auto parts company’s stock valued at $252,000 after acquiring an additional 697 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Roth Mkm reaffirmed a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a research report on Friday, June 14th. StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Dorman Products in a research report on Tuesday, February 27th.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $92.06, for a total transaction of $46,030.00. Following the completion of the sale, the senior vice president now owns 20,126 shares in the company, valued at $1,852,799.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.00% of the stock is owned by company insiders.

Dorman Products Stock Performance

Shares of DORM opened at $93.12 on Monday. The stock has a 50-day simple moving average of $90.82 and a 200-day simple moving average of $87.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.17 and a current ratio of 2.50. The stock has a market capitalization of $2.89 billion, a PE ratio of 18.74 and a beta of 0.83. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $98.55.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.49. The business had revenue of $468.70 million during the quarter, compared to analysts’ expectations of $472.35 million. Dorman Products had a return on equity of 14.61% and a net margin of 8.10%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. On average, analysts predict that Dorman Products, Inc. will post 5.64 earnings per share 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.