Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,476 shares of the auto parts company's stock after selling 2,118 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Dorman Products worth $2,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Fiera Capital Corp acquired a new stake in Dorman Products in the third quarter worth approximately $25,571,000. State Street Corp grew its holdings in shares of 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 valued at $125,374,000 after buying an additional 87,780 shares during the period. JPMorgan Chase & Co. boosted 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 last quarter. Royce & Associates LP raised its stake in Dorman Products by 17.6% in the third quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company's stock valued at $59,262,000 after buying an additional 78,496 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Dorman Products by 13.9% in the third quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company's stock valued at $51,453,000 after acquiring an additional 55,615 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

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Dorman Products Trading Up 3.2 %

Shares of NASDAQ:DORM traded up $3.98 during trading on Thursday, reaching $127.99. The company's stock had a trading volume of 492,689 shares, compared to its average volume of 180,000. The stock has a market capitalization of $3.91 billion, a PE ratio of 21.40 and a beta of 0.88. 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 12 month low of $86.61 and a 12 month high of $146.60. The firm's 50 day simple moving average is $128.64 and its two-hundred day simple moving average is $123.92.

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

Analyst Ratings Changes

A number of analysts have commented on DORM shares. StockNews.com cut shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th. Roth Mkm reaffirmed a "buy" rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $125.67.

Insider Buying and Selling at Dorman Products

In related news, Director Steven L. Berman sold 285 shares of the stock in a transaction 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 sale, the director now owns 833,527 shares of the company's stock, valued at $102,940,584.50. This trade represents a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Mcknight sold 8,185 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the sale, the insider now owns 8,902 shares of the company's stock, valued at $1,240,404.68. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,533 shares of company stock valued at $6,619,683. 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.