Los Angeles Capital Management LLC Acquires New Stake in Dorman Products, Inc. (NASDAQ:DORM)

Los Angeles Capital Management LLC acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) in the fourth quarter, Holdings Channel reports. The firm acquired 7,361 shares of the auto parts company’s stock, valued at approximately $954,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning boosted its stake in Dorman Products by 53.6% during the third quarter. Creative Planning now owns 6,912 shares of the auto parts company’s stock worth $782,000 after acquiring an additional 2,413 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Dorman Products by 26.7% in the third quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company’s stock valued at $3,944,000 after buying an additional 7,349 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Dorman Products in the third quarter valued at $251,000. Nisa Investment Advisors LLC lifted its stake in shares of Dorman Products by 4.1% in the third quarter. Nisa Investment Advisors LLC now owns 9,630 shares of the auto parts company’s stock valued at $1,089,000 after buying an additional 381 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Dorman Products by 11.9% in the third quarter. New York State Teachers Retirement System now owns 23,659 shares of the auto parts company’s stock valued at $2,676,000 after buying an additional 2,509 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DORM has been the topic of a number of recent research reports. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com raised shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Dorman Products Stock Up 2.7 %

DORM opened at $131.46 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company’s 50-day moving average is $128.60 and its 200 day moving average is $124.28. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60. The firm has a market capitalization of $4.01 billion, a P/E ratio of 21.98 and a beta of 0.88.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the transaction, the director now owns 833,527 shares in the company, valued at $102,940,584.50. This trade represents a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Mcknight sold 8,185 shares of Dorman Products stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the completion of the transaction, the insider now owns 8,902 shares of the company’s stock, valued at $1,240,404.68. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,533 shares of company stock valued at $6,619,683. Company insiders own 10.00% of the company’s stock.

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.