Prudential Financial Inc. Lowers Position in Dorman Products, Inc. (NASDAQ:DORM)

Prudential Financial Inc. trimmed its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 12.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 27,420 shares of the auto parts company's stock after selling 3,819 shares during the period. Prudential Financial Inc. owned about 0.09% of Dorman Products worth $3,694,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Dorman Products by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock worth $392,372,000 after purchasing an additional 91,361 shares in the last quarter. State Street Corp lifted its stake in Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock valued at $125,374,000 after acquiring an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock worth $15,084,000 after purchasing an additional 84,613 shares during the period. Raymond James Financial Inc. bought a new position in shares of Dorman Products during the 4th quarter worth approximately $4,810,000. Finally, Barclays PLC boosted its position in Dorman Products by 380.7% during the third quarter. Barclays PLC now owns 46,842 shares of the auto parts company's stock worth $5,298,000 after purchasing an additional 37,098 shares during the period. 84.70% of the stock is owned by institutional investors.

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Insider Activity

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 8,524 shares of the company's stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the completion of the transaction, the director now owns 773,094 shares of the company's stock, valued at $101,886,058.26. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,842 shares of company stock worth $4,048,449. 10.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Dorman Products Trading Up 0.4 %

Shares of NASDAQ:DORM traded up $0.48 during trading on Friday, reaching $115.85. The stock had a trading volume of 322,593 shares, compared to its average volume of 161,018. The firm's fifty day moving average is $126.81 and its 200 day moving average is $126.97. Dorman Products, Inc. has a 52 week low of $86.61 and a 52 week high of $146.60. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 19.37 and a beta of 0.87. 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 announced its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. As a group, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.