Charles Schwab Investment Management Inc. Has $45.95 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Charles Schwab Investment Management Inc. boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 354,717 shares of the auto parts company's stock after purchasing an additional 4,102 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.16% of Dorman Products worth $45,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in Dorman Products by 518.4% during the 4th 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. Smartleaf Asset Management LLC raised its holdings in Dorman Products by 306.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 532 shares of the auto parts company's stock worth $70,000 after purchasing an additional 401 shares during the last quarter. GW&K Investment Management LLC raised its holdings in Dorman Products by 1.5% during 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 during the last quarter. Versor Investments LP bought a new stake in Dorman Products during the 4th quarter worth about $440,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in Dorman Products by 2.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 14,058 shares of the auto parts company's stock worth $1,821,000 after purchasing an additional 370 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

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Insider Activity at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was 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 represents a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven L. Berman sold 285 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the transaction, the director now directly owns 833,527 shares of the company's stock, valued at approximately $102,940,584.50. This trade represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,605 shares of company stock worth $4,414,924. 10.00% of the stock is owned by company insiders.

Dorman Products Trading Down 1.4 %

Shares of Dorman Products stock traded down $1.74 during trading on Tuesday, hitting $125.00. 221,995 shares of the company were exchanged, compared to its average volume of 145,970. The firm has a market capitalization of $3.82 billion, a P/E ratio of 20.90 and a beta of 0.84. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60. The firm's fifty day moving average price is $128.00 and its 200 day moving average price is $125.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Friday.

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.