Teachers Retirement System of The State of Kentucky Purchases 19,447 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 210.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,700 shares of the auto parts company’s stock after acquiring an additional 19,447 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.09% of Dorman Products worth $2,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 233 shares during the period. Headinvest LLC acquired a new position in shares of Dorman Products in the third quarter valued at approximately $30,000. Quest Partners LLC bought a new stake in shares of Dorman Products during the fourth quarter worth $37,000. Cerity Partners LLC acquired a new stake in shares of Dorman Products during the fourth quarter worth $230,000. Finally, Glenmede Trust Co. NA lifted its position in Dorman Products by 26.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,331 shares of the auto parts company’s stock valued at $252,000 after acquiring an additional 697 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barrington Research reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Dorman Products in a research report on Tuesday, February 27th. StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. Finally, Roth Mkm restated a “buy” rating and set a $116.00 target price on shares of Dorman Products in a report on Friday, June 14th.

Dorman Products Stock Performance

Shares of NASDAQ DORM opened at $92.24 on Friday. The stock has a 50 day moving average price of $90.76 and a 200 day moving average price of $87.52. The stock has a market capitalization of $2.86 billion, a PE ratio of 18.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.17 and a current ratio of 2.50. Dorman Products, Inc. has a 52 week low of $60.01 and a 52 week high of $98.55.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Tuesday, May 7th. The auto parts company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.49. The business had revenue of $468.70 million during the quarter, compared to the consensus estimate of $472.35 million. Dorman Products had a return on equity of 14.61% and a net margin of 8.10%. Dorman Products’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Analysts predict that Dorman Products, Inc. will post 5.64 earnings per share for the current fiscal year.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 500 shares of Dorman Products stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $92.06, for a total value of $46,030.00. Following the transaction, the senior vice president now directly owns 20,126 shares of the company’s stock, valued at $1,852,799.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.00% of the stock is currently owned by insiders.

About Dorman Products

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.