GW&K Investment Management LLC Has $77.34 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

GW&K Investment Management LLC increased its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 597,000 shares of the auto parts company's stock after acquiring an additional 8,830 shares during the period. GW&K Investment Management LLC owned about 1.96% of Dorman Products worth $77,341,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Csenge Advisory Group raised its stake in shares of Dorman Products by 0.5% in the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company's stock valued at $2,500,000 after purchasing an additional 96 shares during the period. Equitable Trust Co. grew its holdings in shares of Dorman Products by 2.2% during the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company's stock worth $508,000 after buying an additional 97 shares in the last quarter. Heritage Family Offices LLP grew its holdings in shares of Dorman Products by 4.9% during the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company's stock worth $276,000 after buying an additional 100 shares in the last quarter. First Horizon Advisors Inc. raised its position in Dorman Products by 28.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company's stock valued at $75,000 after buying an additional 146 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Dorman Products by 77.6% in the 4th quarter. Principal Securities Inc. now owns 396 shares of the auto parts company's stock valued at $51,000 after acquiring an additional 173 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

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Insider Buying and Selling at Dorman Products

In other news, Director Steven L. Berman sold 2,633 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were 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 approximately $110,496,766.24. This represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 41,348 shares of company stock worth $5,479,185 over the last quarter. 10.00% of the stock is currently owned by insiders.

Dorman Products Stock Down 0.7 %

NASDAQ DORM traded down $0.95 during trading hours on Tuesday, hitting $130.25. 341,576 shares of the company traded hands, compared to its average volume of 189,173. 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 business's 50-day moving average is $128.60 and its 200-day moving average is $124.59. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 21.78 and a beta of 0.88. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $523.95 million. Sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Roth Mkm reaffirmed a "buy" rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Friday.

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.