Los Angeles Capital Management LLC Takes $954,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

Los Angeles Capital Management LLC bought a new stake in Dorman Products, Inc. (NASDAQ:DORM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,361 shares of the auto parts company’s stock, valued at approximately $954,000.

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

Analysts Set New Price Targets

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

Dorman Products Stock Performance

DORM opened at $131.46 on Friday. The business’s 50-day moving average price is $128.60 and its two-hundred day moving average price is $124.28. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 21.98 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

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

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the transaction, the director now owns 773,094 shares of the company’s stock, valued at $101,886,058.26. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the transaction, the insider now directly owns 8,902 shares in the company, valued at approximately $1,240,404.68. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,533 shares of company stock valued at $6,619,683. 10.00% of the stock is owned by insiders.

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.