Barclays PLC Increases Position in Dorman Products, Inc. (NASDAQ:DORM)

Barclays PLC boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 380.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,842 shares of the auto parts company's stock after acquiring an additional 37,098 shares during the quarter. Barclays PLC owned 0.15% of Dorman Products worth $5,298,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fiera Capital Corp purchased a new stake in Dorman Products in the 3rd quarter valued at about $25,571,000. State Street Corp lifted its holdings in Dorman Products by 8.6% during 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. Royce & Associates LP boosted its position in Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company's stock worth $59,262,000 after purchasing an additional 78,496 shares during the last quarter. Jennison Associates LLC grew its stake in Dorman Products by 13.9% in the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company's stock valued at $51,453,000 after purchasing an additional 55,615 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its position in shares of Dorman Products by 33.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company's stock valued at $17,385,000 after purchasing an additional 38,188 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Performance

NASDAQ DORM traded up $1.00 during trading on Friday, hitting $131.36. 497,317 shares of the company's stock traded hands, compared to its average volume of 139,693. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 21.97 and a beta of 0.87. Dorman Products, Inc. has a 12-month low of $79.20 and a 12-month high of $146.60. The business has a 50 day moving average of $131.02 and a 200-day moving average of $112.63.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $503.77 million for the quarter, compared to analysts' expectations of $509.54 million. During the same period in the prior year, the company posted $1.40 EPS. Dorman Products's revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on DORM shares. CJS Securities assumed coverage on shares of Dorman Products in a report on Friday, September 13th. They set an "outperform" rating and a $134.00 price objective for the company. Roth Mkm restated a "buy" rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $125.67.

Insider Transactions at Dorman Products

In other news, Director Steven L. Berman sold 8,485 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the completion of the transaction, the director now directly owns 867,671 shares in the company, valued at $118,723,422.93. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Mcknight sold 8,185 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the completion of the sale, the insider now owns 8,902 shares in the company, valued at $1,240,404.68. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,470 shares of company stock valued at $4,733,524 over the last three months. Company insiders own 10.00% of the company's stock.

About Dorman Products

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.