Aristides Capital LLC Boosts Stake in Dorman Products, Inc. (NASDAQ:DORM)

Aristides Capital LLC boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 106.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,425 shares of the auto parts company’s stock after acquiring an additional 7,425 shares during the period. Aristides Capital LLC’s holdings in Dorman Products were worth $1,869,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in shares of Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 197 shares during the last quarter. Quent Capital LLC bought a new stake in Dorman Products in the fourth quarter worth $31,000. Westside Investment Management Inc. purchased a new stake in Dorman Products during the third quarter valued at $29,000. CIBC Private Wealth Group LLC lifted its position 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 purchasing an additional 172 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Dorman Products in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insiders Place Their Bets

In other news, Director Steven L. Berman sold 285 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the sale, the director now directly owns 833,527 shares in the company, valued at approximately $102,940,584.50. This represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,842 shares of company stock valued at $4,048,449 over the last 90 days. Insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 14th.

Dorman Products Stock Performance

NASDAQ DORM opened at $115.85 on Friday. The company has a market cap of $3.54 billion, a P/E ratio of 19.37 and a beta of 0.87. The business’s 50 day moving average price is $126.81 and its 200-day moving average price is $126.90. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data 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 business had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

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.