Dorman Products, Inc. (NASDAQ:DORM) Stock Position Lifted by Blue Trust Inc.

Blue Trust Inc. lifted its position in Dorman Products, Inc. (NASDAQ:DORM) by 1,581.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 353 shares of the auto parts company’s stock after acquiring an additional 332 shares during the quarter. Blue Trust Inc.’s holdings in Dorman Products were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp boosted its holdings in Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after purchasing an additional 87,780 shares during the period. Royce & Associates LP grew its position in shares of Dorman Products by 17.6% during the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after buying an additional 78,496 shares during the last quarter. Jennison Associates LLC raised its stake in Dorman Products by 13.9% during the third 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in Dorman Products by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock worth $39,662,000 after acquiring an additional 3,365 shares during the last quarter. Finally, WCM Investment Management LLC boosted its stake in Dorman Products by 2.3% in the third quarter. WCM Investment Management LLC now owns 302,620 shares of the auto parts company’s stock valued at $34,372,000 after acquiring an additional 6,754 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Down 1.2 %

DORM opened at $124.01 on Thursday. The stock’s 50 day moving average price is $128.64 and its 200 day moving average price is $123.92. 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 stock has a market cap of $3.78 billion, a P/E ratio of 20.74 and a beta of 0.88. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its quarterly 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. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on DORM shares. StockNews.com cut Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Roth Mkm reissued a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, Dorman Products has a consensus rating of “Buy” and an average target price of $125.67.

Insider Buying and Selling at Dorman Products

In other news, insider John Mcknight sold 8,185 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the completion of the transaction, the insider now directly owns 8,902 shares in the company, valued at $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven L. Berman sold 617 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $123.23, for a total transaction of $76,032.91. Following the transaction, the director now owns 832,910 shares in the company, valued at $102,639,499.30. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,533 shares of company stock valued at $6,619,683. Company insiders own 10.00% of the company’s stock.

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.