Sei Investments Co. Buys 9,788 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Sei Investments Co. boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 88.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,887 shares of the auto parts company's stock after purchasing an additional 9,788 shares during the period. Sei Investments Co. owned about 0.07% of Dorman Products worth $2,708,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Dorman Products by 63.5% during the 3rd quarter. FMR LLC now owns 3,322 shares of the auto parts company's stock worth $376,000 after purchasing an additional 1,290 shares during the last quarter. Walleye Capital LLC purchased a new stake in Dorman Products in the third quarter worth $350,000. Captrust Financial Advisors purchased a new stake in Dorman Products in the third quarter worth $206,000. Verition Fund Management LLC bought a new stake in shares of Dorman Products in the third quarter valued at $237,000. Finally, Paloma Partners Management Co purchased a new position in shares of Dorman Products during the 3rd quarter valued at $333,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 19,894 shares of the company's stock, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven L. Berman sold 9,238 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the completion of the transaction, the director now directly owns 788,688 shares in the company, valued at approximately $104,682,558.24. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,842 shares of company stock valued at $4,048,449 in the last quarter. 10.00% of the stock is currently owned by corporate insiders.

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Dorman Products Stock Performance

DORM traded up $5.67 on Wednesday, hitting $118.43. The company's stock had a trading volume of 422,477 shares, compared to its average volume of 165,077. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The firm has a market cap of $3.62 billion, a P/E ratio of 19.80 and a beta of 0.87. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company's 50 day simple moving average is $125.08 and its 200-day simple moving average is $126.80.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a 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.