Corebridge Financial Inc. Sells 1,287 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Corebridge Financial Inc. decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 8.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,814 shares of the auto parts company’s stock after selling 1,287 shares during the quarter. Corebridge Financial Inc.’s holdings in Dorman Products were worth $1,790,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 197 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Dorman Products in the 4th quarter worth approximately $31,000. Westside Investment Management Inc. purchased a new position in shares of Dorman Products in the 3rd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. bought a new position in shares of Dorman Products in the fourth quarter valued at approximately $42,000. Finally, Blue Trust Inc. increased its position in shares of Dorman Products by 1,581.0% during the fourth quarter. Blue Trust Inc. now owns 353 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling at Dorman Products

In related news, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the sale, the director now owns 833,527 shares of the company’s stock, valued at approximately $102,940,584.50. This trade represents a 0.03 % decrease in their position. The sale was disclosed in a legal filing 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 dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,842 shares of company stock worth $4,048,449 over the last ninety days. 10.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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 $124.75 on Thursday. The company has a market capitalization of $3.82 billion, a PE ratio of 20.86 and a beta of 0.84. 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, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60. The company has a 50-day simple moving average of $127.43 and a 200 day simple moving average of $126.91.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $523.95 million. On average, research analysts predict that Dorman Products, Inc. will post 6.9 EPS 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.