Envestnet Portfolio Solutions Inc. Boosts Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Envestnet Portfolio Solutions Inc. raised its stake in Dorman Products, Inc. (NASDAQ:DORM) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,763 shares of the auto parts company’s stock after purchasing an additional 84 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Dorman Products were worth $617,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DORM. Westside Investment Management Inc. purchased a new position in Dorman Products in the 3rd quarter valued at $29,000. Jones Financial Companies Lllp boosted its holdings in shares of Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 197 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Dorman Products during the third quarter worth about $31,000. Quent Capital LLC purchased a new position in Dorman Products during the fourth quarter worth about $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Dorman Products during the 4th quarter worth $42,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Stock Performance

Shares of DORM stock opened at $126.73 on Tuesday. The stock has a fifty day moving average price of $128.21 and a 200 day moving average price of $126.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a market cap of $3.88 billion, a PE ratio of 21.19 and a beta of 0.84. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 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 business had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Sell-side analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Berman sold 285 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $123.50, for a total transaction of $35,197.50. Following the completion of the transaction, the director now directly owns 833,527 shares of the company’s stock, valued at $102,940,584.50. The trade was a 0.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,475 shares of company stock valued at $4,397,374 in the last ninety days. Corporate insiders own 10.00% of the company’s stock.

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.