Sheets Smith Wealth Management Takes $1.38 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

Sheets Smith Wealth Management acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 16,499 shares of the auto parts company’s stock, valued at approximately $1,376,000.

A number of other large investors have also recently bought and sold shares of the business. Mariner LLC boosted its holdings in Dorman Products by 2.2% in the third quarter. Mariner LLC now owns 8,689 shares of the auto parts company’s stock worth $658,000 after purchasing an additional 189 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Dorman Products by 17.5% during the third quarter. Quantbot Technologies LP now owns 1,375 shares of the auto parts company’s stock valued at $104,000 after acquiring an additional 205 shares during the period. Buckhead Capital Management LLC boosted its holdings in Dorman Products by 9.4% during the fourth quarter. Buckhead Capital Management LLC now owns 4,250 shares of the auto parts company’s stock valued at $354,000 after acquiring an additional 366 shares during the period. Headinvest LLC bought a new stake in Dorman Products during the third quarter valued at about $30,000. Finally, Swiss National Bank boosted its holdings in Dorman Products by 0.9% during the third quarter. Swiss National Bank now owns 58,800 shares of the auto parts company’s stock valued at $4,455,000 after acquiring an additional 500 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Performance

Shares of NASDAQ DORM traded up $0.22 during mid-day trading on Friday, hitting $90.95. The company had a trading volume of 84,421 shares, compared to its average volume of 90,065. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.09. The business’s 50-day simple moving average is $91.84 and its 200-day simple moving average is $82.75. Dorman Products, Inc. has a 12 month low of $60.01 and a 12 month high of $98.55. The firm has a market cap of $2.82 billion, a P/E ratio of 22.18 and a beta of 0.83.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. StockNews.com upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Roth Mkm reiterated a “buy” rating and issued a $116.00 target price on shares of Dorman Products in a research note on Monday, March 25th. Finally, Barrington Research reiterated an “outperform” rating and issued a $90.00 target price on shares of Dorman Products in a research note on Tuesday, February 27th.

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.