Zions Bancorporation N.A. Makes New Investment in Dorman Products, Inc. (NASDAQ:DORM)

Zions Bancorporation N.A. acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,013 shares of the auto parts company’s stock, valued at approximately $1,168,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in Dorman Products by 8.7% in the third quarter. Thrivent Financial for Lutherans now owns 25,801 shares of the auto parts company’s stock valued at $2,918,000 after purchasing an additional 2,058 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Dorman Products in the 3rd quarter valued at $31,000. Charles Schwab Investment Management Inc. grew its position in shares of Dorman Products by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after buying an additional 3,365 shares during the last quarter. Citigroup Inc. raised its stake in Dorman Products by 70.9% during the 3rd quarter. Citigroup Inc. now owns 35,697 shares of the auto parts company’s stock worth $4,038,000 after acquiring an additional 14,807 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in Dorman Products by 50.8% in the third quarter. Cerity Partners LLC now owns 27,300 shares of the auto parts company’s stock valued at $3,088,000 after acquiring an additional 9,201 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Activity at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 2,633 shares of Dorman Products stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $132.52, for a total value of $348,925.16. Following the transaction, the director now directly owns 833,812 shares in the company, valued at approximately $110,496,766.24. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the company’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 owns 19,894 shares of the company’s stock, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,475 shares of company stock worth $4,397,374 in the last quarter. Company insiders own 10.00% of the company’s stock.

Dorman Products Price Performance

DORM stock opened at $126.00 on Wednesday. The business has a 50 day simple moving average of $128.21 and a 200-day simple moving average of $126.50. The company has a market capitalization of $3.85 billion, a P/E ratio of 21.07 and a beta of 0.84. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $523.95 million. As a group, equities analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analyst Weigh In

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

Dorman Products Company 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.