Cornerstone Investment Partners LLC Boosts Stake in Dorman Products, Inc. (NASDAQ:DORM)

Cornerstone Investment Partners LLC lifted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 47.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,900 shares of the auto parts company’s stock after purchasing an additional 1,249 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Dorman Products were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its position in Dorman Products by 0.9% during the first quarter. BlackRock Inc. now owns 4,257,228 shares of the auto parts company’s stock valued at $404,566,000 after acquiring an additional 35,922 shares during the last quarter. Vanguard Group Inc. increased its position in Dorman Products by 0.8% during the third quarter. Vanguard Group Inc. now owns 2,998,373 shares of the auto parts company’s stock valued at $246,227,000 after acquiring an additional 23,383 shares during the last quarter. Morgan Stanley increased its position in Dorman Products by 2.4% during the third quarter. Morgan Stanley now owns 2,274,563 shares of the auto parts company’s stock valued at $172,321,000 after acquiring an additional 53,328 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Dorman Products by 26.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,098,866 shares of the auto parts company’s stock valued at $120,557,000 after acquiring an additional 229,438 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in Dorman Products by 16.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 975,874 shares of the auto parts company’s stock valued at $78,919,000 after acquiring an additional 136,197 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on DORM shares. Roth Mkm reiterated a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a research report on Monday, March 25th. Barrington Research reissued an “outperform” rating and set a $90.00 price target on shares of Dorman Products in a report on Tuesday, February 27th. StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th.

Dorman Products Price Performance

Shares of NASDAQ DORM traded up $0.01 during mid-day trading on Friday, reaching $87.92. The company’s stock had a trading volume of 29,107 shares, compared to its average volume of 117,175. The firm has a market capitalization of $2.73 billion, a PE ratio of 21.44 and a beta of 0.81. 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 stock has a fifty day moving average of $90.39 and a two-hundred day moving average of $81.71. Dorman Products, Inc. has a 52 week low of $60.01 and a 52 week high of $98.55.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, February 26th. The auto parts company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.16. The firm had revenue of $494.30 million during the quarter, compared to analyst estimates of $494.86 million. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 5.55 EPS for the current fiscal 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.