Wells Fargo & Company MN Buys 5,682 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Wells Fargo & Company MN raised its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,351 shares of the auto parts company's stock after purchasing an additional 5,682 shares during the quarter. Wells Fargo & Company MN owned 0.21% of Dorman Products worth $8,207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock valued at $392,372,000 after buying an additional 91,361 shares during the period. GW&K Investment Management LLC increased its position 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 valued at $77,341,000 after purchasing an additional 8,830 shares during the period. Charles Schwab Investment Management Inc. increased its position in Dorman Products by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock valued at $45,954,000 after purchasing an additional 4,102 shares during the period. Norges Bank bought a new position in Dorman Products during the 4th quarter worth approximately $41,047,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Dorman Products by 47.3% in the 4th quarter. JPMorgan Chase & Co. now owns 196,415 shares of the auto parts company's stock valued at $25,446,000 after purchasing an additional 63,074 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th.

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the stock in a transaction on 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 directly owns 19,894 shares in the company, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Berman sold 2,633 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $130.56, for a total transaction of $343,764.48. Following the sale, the director now owns 814,339 shares of the company's stock, valued at $106,320,099.84. This trade represents a 0.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,137 shares of company stock valued at $2,790,044 in the last three months. Corporate insiders own 10.00% of the company's stock.

Dorman Products Trading Up 2.7 %

DORM stock traded up $3.03 during mid-day trading on Wednesday, reaching $113.56. The company's stock had a trading volume of 23,630 shares, compared to its average volume of 230,274. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The business's 50 day moving average price is $122.09 and its 200 day moving average price is $126.73. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 18.99 and a beta of 0.87.

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

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.