Raymond James Financial Inc. Buys New Position in Dorman Products, Inc. (NASDAQ:DORM)

Raymond James Financial Inc. purchased a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 37,131 shares of the auto parts company's stock, valued at approximately $4,810,000. Raymond James Financial Inc. owned 0.12% of Dorman Products as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DORM. State Street Corp lifted its holdings in Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock worth $125,374,000 after buying an additional 87,780 shares during the period. JPMorgan Chase & Co. lifted its position in Dorman Products by 173.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock valued at $15,084,000 after acquiring an additional 84,613 shares during the period. ArrowMark Colorado Holdings LLC boosted its stake in Dorman Products by 33.1% during the third quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company's stock worth $17,385,000 after acquiring an additional 38,188 shares in the last quarter. Barclays PLC boosted its stake 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 acquiring an additional 37,098 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Dorman Products by 199.9% in the fourth quarter. Victory Capital Management Inc. now owns 35,215 shares of the auto parts company's stock worth $4,562,000 after purchasing an additional 23,473 shares during the period. Institutional investors own 84.70% of the company's stock.

Remove Ads

Dorman Products Stock Down 3.5 %

Dorman Products stock traded down $4.44 during mid-day trading on Friday, reaching $120.71. The stock had a trading volume of 241,376 shares, compared to its average volume of 157,653. Dorman Products, Inc. has a one year low of $86.61 and a one year high of $146.60. The company has a 50-day moving average price of $127.87 and a two-hundred day moving average price of $126.69. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 20.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.21. The firm had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. On average, analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

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.