Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 199.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,215 shares of the auto parts company’s stock after acquiring an additional 23,473 shares during the period. Victory Capital Management Inc. owned about 0.12% of Dorman Products worth $4,562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Dorman Products by 8.6% during the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after acquiring an additional 87,780 shares in the last quarter. GW&K Investment Management LLC grew its holdings in Dorman Products by 1.5% during the 4th quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company’s stock worth $77,341,000 after acquiring an additional 8,830 shares in the last quarter. Jennison Associates LLC grew its holdings in Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after acquiring an additional 55,615 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Dorman Products by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company’s stock worth $45,954,000 after acquiring an additional 4,102 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its holdings in Dorman Products by 33.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company’s stock worth $17,385,000 after acquiring an additional 38,188 shares in 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, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven L. Berman sold 8,485 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the transaction, the director now directly owns 867,671 shares in the company, valued at $118,723,422.93. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,090 shares of company stock valued at $5,575,927 in the last ninety days. Insiders own 10.00% of the company’s stock.

Dorman Products Trading Up 1.8 %

NASDAQ DORM opened at $127.59 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The firm’s fifty day moving average price is $128.03 and its 200 day moving average price is $125.64. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 21.34 and a beta of 0.84. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. The firm had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. On average, sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Friday.

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.