Sheets Smith Wealth Management Grows Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Sheets Smith Wealth Management boosted its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 26.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,953 shares of the auto parts company's stock after acquiring an additional 3,150 shares during the quarter. Sheets Smith Wealth Management's holdings in Dorman Products were worth $1,937,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in DORM. American Century Companies Inc. boosted its position in shares of Dorman Products by 58.5% during the 2nd quarter. American Century Companies Inc. now owns 12,774 shares of the auto parts company's stock worth $1,169,000 after acquiring an additional 4,715 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Dorman Products by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 134,688 shares of the auto parts company's stock worth $12,321,000 after purchasing an additional 543 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Dorman Products by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company's stock worth $94,136,000 after buying an additional 24,811 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Dorman Products by 24.8% in the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the auto parts company's stock valued at $2,305,000 after buying an additional 5,000 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Dorman Products by 15.7% in the 2nd quarter. Hsbc Holdings PLC now owns 4,338 shares of the auto parts company's stock valued at $396,000 after buying an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $124.98, for a total value of $299,952.00. Following the completion of the transaction, the senior vice president now owns 17,471 shares in the company, valued at approximately $2,183,525.58. This represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven L. Berman sold 617 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the sale, the director now owns 832,910 shares in the company, valued at $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,312 shares of company stock worth $5,037,766. 10.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Roth Mkm reissued a "buy" rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $125.67.

Dorman Products Stock Performance

Shares of DORM stock traded down $1.73 during trading hours on Wednesday, hitting $128.34. The stock had a trading volume of 65,786 shares, compared to its average volume of 169,643. The stock's 50 day moving average is $133.64 and its 200 day moving average is $118.76. The firm has a market capitalization of $3.92 billion, a PE ratio of 21.46 and a beta of 0.89. Dorman Products, Inc. has a twelve month low of $79.43 and a twelve month high of $146.60. 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 quarterly earnings data 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 analyst estimates of $509.54 million. During the same period in the previous year, the business posted $1.40 earnings per share. Dorman Products's quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

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.