Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,795 shares of the auto parts company’s stock after selling 5,473 shares during the period. Leeward Investments LLC MA owned about 0.42% of Dorman Products worth $11,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Headinvest LLC purchased a new position in shares of Dorman Products during the third quarter worth about $30,000. Quantbot Technologies LP grew its holdings in shares of Dorman Products by 17.5% during the third quarter. Quantbot Technologies LP now owns 1,375 shares of the auto parts company’s stock worth $104,000 after purchasing an additional 205 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Dorman Products during the fourth quarter worth about $230,000. Glenmede Trust Co. NA grew its holdings in shares of Dorman Products by 26.5% during the third quarter. Glenmede Trust Co. NA now owns 3,331 shares of the auto parts company’s stock worth $252,000 after purchasing an additional 697 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Dorman Products during the third quarter worth about $254,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Performance

Shares of NASDAQ DORM traded up $1.15 during midday trading on Friday, reaching $89.23. 73,775 shares of the company were exchanged, compared to its average volume of 115,426. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. Dorman Products, Inc. has a 1 year low of $60.01 and a 1 year high of $98.55. The stock has a fifty day simple moving average of $90.98 and a 200 day simple moving average of $82.16. The stock has a market cap of $2.77 billion, a P/E ratio of 21.70 and a beta of 0.81.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.16. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The firm had revenue of $494.30 million for the quarter, compared to analyst estimates of $494.86 million. During the same quarter last year, the company posted $1.01 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. On average, research analysts forecast that Dorman Products, Inc. will post 5.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DORM shares. Barrington Research reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Dorman Products in a report on Tuesday, February 27th. StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Roth Mkm reissued a “buy” rating and set a $116.00 price target on shares of Dorman Products in a report on Monday, March 25th. Finally, TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th.

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.