Dorman Products, Inc. (NASDAQ:DORM) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 889.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,180 shares of the auto parts company's stock after purchasing an additional 113,424 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.41% of Dorman Products worth $16,347,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Dorman Products in the fourth quarter worth about $41,047,000. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 91,361 shares during the last quarter. State Street Corp increased its stake in shares of 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 acquiring an additional 87,780 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock worth $15,084,000 after purchasing an additional 84,613 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Dorman Products during the fourth quarter valued at $4,810,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Price Performance

Shares of DORM stock traded up $5.67 during mid-day trading on Wednesday, hitting $118.43. 422,477 shares of the stock were exchanged, compared to its average volume of 165,077. 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 firm has a fifty day moving average of $125.08 and a 200 day moving average of $126.80. The company has a market cap of $3.62 billion, a PE ratio of 19.80 and a beta of 0.87.

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Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.99 by $0.21. The company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the sale, the director now owns 833,527 shares in the company, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,842 shares of company stock valued at $4,048,449 over the last ninety days. Corporate 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.