Dorman Products, Inc. (NASDAQ:DORM) Shares Acquired by Lido Advisors LLC

Lido Advisors LLC boosted its stake in Dorman Products, Inc. (NASDAQ:DORM) by 23.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,367 shares of the auto parts company’s stock after buying an additional 445 shares during the period. Lido Advisors LLC’s holdings in Dorman Products were worth $307,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings 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 valued at $30,000 after purchasing an additional 197 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Dorman Products in the fourth quarter valued at $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 buying an additional 172 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Dorman Products during the 4th quarter worth about $42,000. Finally, Blue Trust Inc. boosted its holdings in Dorman Products by 1,581.0% during the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 332 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Down 0.3 %

Shares of NASDAQ DORM opened at $114.95 on Tuesday. The stock has a market cap of $3.51 billion, a P/E ratio of 19.22 and a beta of 0.86. The business’s fifty day simple moving average is $119.94 and its 200-day simple moving average is $126.80. Dorman Products, Inc. has a 12-month low of $87.05 and a 12-month 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.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.54. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 earnings per share. As a group, equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity

In related news, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 8.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Monday.

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.