The Manufacturers Life Insurance Company Decreases Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

The Manufacturers Life Insurance Company trimmed its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 13,910 shares of the auto parts company’s stock after selling 670 shares during the period. The Manufacturers Life Insurance Company’s holdings in Dorman Products were worth $1,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted 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 worth $392,372,000 after purchasing an additional 91,361 shares in the last quarter. GW&K Investment Management LLC lifted its stake in Dorman Products by 1.5% in 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 purchasing an additional 8,830 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Dorman Products by 1.2% in 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 purchasing an additional 4,102 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Dorman Products in the fourth quarter valued at about $42,495,000. Finally, Norges Bank purchased a new stake in shares of Dorman Products in the fourth quarter valued at about $41,047,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Trading Up 0.2%

Shares of DORM opened at $124.54 on Monday. Dorman Products, Inc. has a 12-month low of $87.05 and a 12-month high of $146.60. 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 $3.80 billion, a P/E ratio of 20.83 and a beta of 0.86. The firm has a 50-day moving average price of $119.45 and a 200 day moving average price of $127.06.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.54. The business had revenue of $507.69 million during the quarter, compared to analysts’ expectations of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 EPS. Sell-side analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Monday, May 5th.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 8.90% of the company’s stock.

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.