Assetmark Inc. Raises Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Assetmark Inc. boosted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 63.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,227 shares of the auto parts company’s stock after acquiring an additional 5,159 shares during the quarter. Assetmark Inc.’s holdings in Dorman Products were worth $1,594,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its holdings in Dorman Products by 163.8% during the fourth 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. USA Financial Formulas increased its holdings in Dorman Products by 127.6% during the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company’s stock valued at $47,000 after buying an additional 217 shares during the period. Blue Trust Inc. increased its holdings in Dorman Products by 42.5% during the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock valued at $61,000 after buying an additional 150 shares during the period. Covestor Ltd increased its holdings in Dorman Products by 46.4% during the fourth quarter. Covestor Ltd now owns 555 shares of the auto parts company’s stock valued at $72,000 after buying an additional 176 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in Dorman Products by 51.3% during the first quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company’s stock valued at $69,000 after buying an additional 195 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Dorman Products Price Performance

NASDAQ DORM opened at $120.63 on Thursday. The firm’s fifty day simple moving average is $124.67 and its two-hundred day simple moving average is $124.12. The company has a current ratio of 2.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. Dorman Products, Inc. has a 12-month low of $94.87 and a 12-month high of $146.60. The firm has a market capitalization of $3.68 billion, a P/E ratio of 17.31 and a beta of 0.85.

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

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the transaction, the director directly owned 8,132 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 820 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the sale, the senior vice president directly owned 19,074 shares in the company, valued at $2,331,033.54. This trade represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by insiders.

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.