Victory Capital Management Inc. Acquires 23,473 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Victory Capital Management Inc. increased its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 199.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,215 shares of the auto parts company's stock after purchasing an additional 23,473 shares during the quarter. Victory Capital Management Inc. owned about 0.12% of Dorman Products worth $4,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DORM. State Street Corp boosted 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 buying an additional 87,780 shares in the last quarter. JPMorgan Chase & Co. lifted 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 valued at $15,084,000 after purchasing an additional 84,613 shares during the last quarter. Jennison Associates LLC boosted its position in shares of 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. ArrowMark Colorado Holdings LLC increased its stake in Dorman Products by 33.1% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company's stock worth $17,385,000 after purchasing an additional 38,188 shares in the last quarter. Finally, Barclays PLC raised its holdings in Dorman Products by 380.7% during the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company's stock worth $5,298,000 after buying an additional 37,098 shares during the period. 84.70% of the stock is currently owned by institutional investors.

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Dorman Products Stock Up 1.8 %

Shares of DORM stock traded up $2.23 on Wednesday, reaching $127.23. 112,867 shares of the company's stock traded hands, compared to its average volume of 146,132. The business's 50 day moving average price is $128.01 and its two-hundred day moving average price is $125.93. The company has a market capitalization of $3.89 billion, a P/E ratio of 21.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a 12-month low of $86.61 and a 12-month high of $146.60.

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

Analyst Ratings Changes

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

Insider Activity

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven L. Berman sold 2,633 shares of the firm's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $132.52, for a total value of $348,925.16. Following the sale, the director now directly owns 833,812 shares of the company's stock, valued at $110,496,766.24. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,475 shares of company stock worth $4,397,374 in the last ninety days. Corporate 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.