State Street Corp Raises Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

State Street Corp lifted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,108,327 shares of the auto parts company's stock after buying an additional 87,780 shares during the quarter. State Street Corp owned approximately 3.63% of Dorman Products worth $125,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new stake in shares of Dorman Products during the third quarter worth about $727,000. Point72 DIFC Ltd purchased a new stake in Dorman Products during the 3rd quarter worth approximately $75,000. Integrated Wealth Concepts LLC raised its holdings in shares of Dorman Products by 8.9% during the third quarter. Integrated Wealth Concepts LLC now owns 4,257 shares of the auto parts company's stock valued at $482,000 after acquiring an additional 349 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Dorman Products by 431.9% in the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company's stock valued at $1,563,000 after acquiring an additional 11,246 shares in the last quarter. Finally, Centiva Capital LP boosted its stake in shares of Dorman Products by 59.5% in the third quarter. Centiva Capital LP now owns 4,304 shares of the auto parts company's stock worth $487,000 after acquiring an additional 1,605 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insiders Place Their Bets

In related news, Director Steven L. Berman sold 27,632 shares of Dorman Products stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the sale, the director now owns 936,024 shares in the company, valued at approximately $108,316,697.28. This trade represents a 2.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Mcknight sold 8,185 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 8,902 shares of the company's stock, valued at approximately $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. Insiders sold a total of 73,173 shares of company stock valued at $8,936,331 over the last quarter. 10.00% of the stock is owned by insiders.

Dorman Products Trading Down 1.9 %

Shares of DORM stock traded down $2.61 on Friday, hitting $137.23. 295,318 shares of the stock traded hands, compared to its average volume of 131,717. 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, Inc. has a twelve month low of $79.20 and a twelve month high of $146.60. The firm's 50-day moving average price is $128.82 and its two-hundred day moving average price is $111.48. The stock has a market capitalization of $4.19 billion, a PE ratio of 22.95 and a beta of 0.87.

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 for the quarter, beating the consensus estimate of $1.53 by $0.43. The company had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. Dorman Products's revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 EPS. As a group, analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DORM shares. Roth Mkm restated a "buy" rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities initiated coverage on shares of Dorman Products in a research report on Friday, September 13th. They set an "outperform" rating and a $134.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $125.67.

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.