Corebridge Financial Inc. Has $1.79 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

Corebridge Financial Inc. trimmed its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,814 shares of the auto parts company’s stock after selling 1,287 shares during the quarter. Corebridge Financial Inc.’s holdings in Dorman Products were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Westside Investment Management Inc. acquired a new position in shares of Dorman Products in the 3rd quarter worth approximately $29,000. Jones Financial Companies Lllp lifted its holdings in Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after buying an additional 197 shares during the period. Quent Capital LLC bought a new stake in Dorman Products during the fourth quarter valued at $31,000. Newbridge Financial Services Group Inc. acquired a new stake in Dorman Products during the 4th quarter worth about $42,000. Finally, Blue Trust Inc. raised its position in shares of Dorman Products by 1,581.0% in the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 332 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 285 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the transaction, the director now directly owns 833,527 shares of the company’s stock, valued at approximately $102,940,584.50. This trade represents a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 742 shares of Dorman Products 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 of the company’s stock, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,842 shares of company stock worth $4,048,449. Corporate insiders own 10.00% of the company’s stock.

Dorman Products Stock Up 1.7 %

Dorman Products stock opened at $124.75 on Thursday. The company has a market capitalization of $3.82 billion, a PE ratio of 20.86 and a beta of 0.84. Dorman Products, Inc. has a 12-month low of $86.61 and a 12-month high of $146.60. The firm’s fifty day moving average is $127.43 and its 200 day moving average is $126.91. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last released 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 company had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. As a group, sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS 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.