Fiera Capital Corp Boosts Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Fiera Capital Corp raised its stake in Dorman Products, Inc. (NASDAQ:DORM) by 52.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 337,288 shares of the auto parts company’s stock after purchasing an additional 115,498 shares during the period. Fiera Capital Corp owned 1.10% of Dorman Products worth $40,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new stake in Dorman Products in the fourth quarter worth about $42,495,000. Norges Bank acquired a new stake in Dorman Products in the fourth quarter worth about $41,047,000. Oberweis Asset Management Inc. acquired a new stake in Dorman Products in the fourth quarter worth about $23,283,000. Wellington Management Group LLP boosted its holdings in Dorman Products by 1,136.2% in the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock worth $22,635,000 after acquiring an additional 160,584 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Dorman Products by 32.1% in the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company’s stock worth $72,160,000 after acquiring an additional 145,391 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $122.21 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 2.62. Dorman Products, Inc. has a fifty-two week low of $94.87 and a fifty-two week high of $146.60. The company has a market cap of $3.73 billion, a PE ratio of 17.53 and a beta of 0.85. The business has a 50-day simple moving average of $124.84 and a two-hundred day simple moving average of $124.14.

Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.54. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. The firm had revenue of $507.69 million during the quarter, compared to the consensus estimate of $483.09 million. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity at Dorman Products

In related news, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the sale, the director owned 8,132 shares of the company’s stock, valued at $1,066,837.08. The trade was a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Wall Street Zen raised Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th.

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.