Vanguard Group Inc. Has $392.37 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Vanguard Group Inc. raised its position in Dorman Products, Inc. (NASDAQ:DORM) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,028,728 shares of the auto parts company’s stock after buying an additional 91,361 shares during the period. Vanguard Group Inc. owned 9.92% of Dorman Products worth $392,372,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in shares of Dorman Products in the 3rd quarter worth approximately $29,000. Jones Financial Companies Lllp grew its holdings in shares of Dorman Products by 518.4% during the fourth 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 during the last quarter. Quent Capital LLC bought a new stake in shares of Dorman Products during the fourth quarter worth $31,000. Newbridge Financial Services Group Inc. bought a new position in shares of Dorman Products in the fourth quarter valued at about $42,000. Finally, Blue Trust Inc. raised its holdings in shares of Dorman Products by 1,581.0% in the fourth quarter. Blue Trust Inc. now owns 353 shares of the auto parts company’s stock valued at $46,000 after buying an additional 332 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other Dorman Products news, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the sale, the director now directly owns 773,094 shares in the company, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,842 shares of company stock valued at $4,048,449 in the last ninety days. 10.00% of the stock is owned by insiders.

Dorman Products Stock Up 1.7 %

Shares of NASDAQ DORM opened at $124.75 on Thursday. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.82 billion, a PE ratio of 20.86 and a beta of 0.84. The firm’s 50-day moving average is $127.43 and its 200-day moving average is $126.91. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (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 analysts’ expectations of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. Equities analysts expect 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.