Intech Investment Management LLC Boosts Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Intech Investment Management LLC grew its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 22,384 shares of the auto parts company's stock after acquiring an additional 4,581 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Dorman Products worth $2,900,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after buying an additional 197 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Dorman Products during the 4th quarter worth approximately $31,000. Westside Investment Management Inc. bought a new position in Dorman Products in the third quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new position in Dorman Products during the third quarter valued at approximately $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Dorman Products during the fourth quarter valued at approximately $42,000. Institutional investors own 84.70% of the company's stock.

Insiders Place Their Bets

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 285 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the sale, the director now owns 833,527 shares of the company's stock, valued at approximately $102,940,584.50. This represents a 0.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,475 shares of company stock worth $4,397,374. Company insiders own 10.00% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 14th.

Dorman Products Trading Up 1.0 %

Shares of Dorman Products stock traded up $1.28 on Monday, hitting $126.73. The stock had a trading volume of 258,145 shares, compared to its average volume of 147,833. The stock has a 50 day moving average of $128.14 and a 200 day moving average of $126.26. The firm has a market capitalization of $3.88 billion, a P/E ratio of 21.19 and a beta of 0.84. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. 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 (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 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 analyst estimates of $523.95 million. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal 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.