Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in Dorman Products, Inc. (NASDAQ:DORM) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,351 shares of the auto parts company’s stock after purchasing an additional 5,682 shares during the period. Wells Fargo & Company MN owned approximately 0.21% of Dorman Products worth $8,207,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Dorman Products by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock valued at $392,372,000 after buying an additional 91,361 shares during the period. GW&K Investment Management LLC increased its stake in shares of Dorman Products by 1.5% during the fourth 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 during the period. Charles Schwab Investment Management Inc. raised its holdings in Dorman Products by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company’s stock worth $45,954,000 after purchasing an additional 4,102 shares in the last quarter. Norges Bank purchased a new position in Dorman Products during the fourth quarter worth about $41,047,000. Finally, JPMorgan Chase & Co. lifted its position in Dorman Products by 47.3% in the fourth quarter. JPMorgan Chase & Co. now owns 196,415 shares of the auto parts company’s stock valued at $25,446,000 after purchasing an additional 63,074 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

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

Dorman Products Stock Performance

Shares of DORM opened at $111.18 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60. The company has a 50-day simple moving average of $123.03 and a 200-day simple moving average of $126.64. The company has a market capitalization of $3.40 billion, a PE ratio of 18.59 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last issued its earnings results 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 company had revenue of $533.77 million during 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 research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 2,633 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $130.56, for a total value of $343,764.48. Following the sale, the director now owns 814,339 shares of the company’s stock, valued at $106,320,099.84. This represents a 0.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donna M. Long sold 742 shares of the 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 sale, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,679 shares of company stock valued at $3,253,409. 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.