JPMorgan Chase & Co. Boosts Holdings in Dorman Products, Inc. (NASDAQ:DORM)

JPMorgan Chase & Co. raised its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 173.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,341 shares of the auto parts company's stock after purchasing an additional 84,613 shares during the period. JPMorgan Chase & Co. owned 0.44% of Dorman Products worth $15,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DORM. Westside Investment Management Inc. acquired a new position in Dorman Products during the 3rd quarter valued at about $29,000. Advisors Asset Management Inc. acquired a new stake in Dorman Products in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its stake in Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock worth $31,000 after purchasing an additional 273 shares in the last quarter. Covestor Ltd grew its position in Dorman Products by 781.4% during the 3rd quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock worth $43,000 after purchasing an additional 336 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Dorman Products during the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Stock Performance

NASDAQ DORM traded down $4.01 on Friday, hitting $121.75. 196,919 shares of the company's stock traded hands, compared to its average volume of 161,951. The firm's 50-day moving average price is $134.75 and its two-hundred day moving average price is $116.71. The firm has a market capitalization of $3.72 billion, a PE ratio of 20.36 and a beta of 0.89. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 1-year low of $79.31 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.43. The company had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. As a group, analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DORM shares. CJS Securities began coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an "outperform" rating and a $134.00 price objective for the company. Roth Mkm reaffirmed a "buy" rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Dorman Products currently has an average rating of "Buy" and an average price target of $125.67.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Jeffery Darby sold 2,400 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $124.98, for a total value of $299,952.00. Following the completion of the transaction, the senior vice president now owns 17,471 shares in the company, valued at approximately $2,183,525.58. This represents a 12.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven L. Berman sold 2,633 shares of the firm'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 owns 833,812 shares in the company, 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 33,924 shares of company stock worth $4,606,861 over the last quarter. 10.00% of the stock is currently owned by insiders.

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.