Integrated Quantitative Investments LLC Acquires Shares of 11,700 Dorman Products, Inc. (NASDAQ:DORM)

Integrated Quantitative Investments LLC bought a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,700 shares of the auto parts company's stock, valued at approximately $1,516,000. Dorman Products makes up approximately 0.7% of Integrated Quantitative Investments LLC's investment portfolio, making the stock its 11th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Dorman Products by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock valued at $392,372,000 after acquiring an additional 91,361 shares during the period. State Street Corp boosted its position in shares of Dorman Products by 8.6% during the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock worth $125,374,000 after purchasing an additional 87,780 shares in the last quarter. GW&K Investment Management LLC grew its stake in shares of Dorman Products by 1.5% in 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 buying an additional 8,830 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Dorman Products by 1.2% in 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 buying an additional 4,102 shares during the period. Finally, Norges Bank bought a new stake in Dorman Products in the 4th quarter valued at about $41,047,000. 84.70% of the stock is owned by institutional investors and hedge funds.

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Dorman Products Stock Up 1.5 %

Shares of DORM traded up $1.65 on Wednesday, reaching $114.41. The company's stock had a trading volume of 119,950 shares, compared to its average volume of 215,436. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The stock has a market capitalization of $3.50 billion, a PE ratio of 19.13 and a beta of 0.87. 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 firm has a fifty day moving average of $125.63 and a 200-day moving average of $126.83.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued 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. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $533.77 million for the quarter, compared to analysts' expectations of $523.95 million. Equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Steven L. Berman sold 285 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $123.50, for a total transaction of $35,197.50. Following the completion of the sale, the director now directly owns 833,527 shares of the company's stock, valued at approximately $102,940,584.50. This trade represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Donna M. Long sold 742 shares of the business's 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 completion of the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,842 shares of company stock valued at $4,048,449. Corporate insiders own 10.00% of the company's stock.

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.