Dorman Products, Inc. (NASDAQ:DORM) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,674 shares of the auto parts company's stock after buying an additional 4,008 shares during the period. Teacher Retirement System of Texas owned approximately 0.23% of Dorman Products worth $9,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DORM. Jones Financial Companies Lllp boosted its position in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after purchasing an additional 197 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Dorman Products in the 4th quarter worth about $31,000. Westside Investment Management Inc. acquired a new stake in Dorman Products in the 3rd quarter valued at about $29,000. Advisors Asset Management Inc. purchased a new position in Dorman Products during the 3rd quarter valued at about $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Dorman Products during the fourth quarter worth about $42,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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Insider Transactions at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction on Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the transaction, the director now owns 832,910 shares in the company, valued at $102,639,499.30. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donna M. Long sold 742 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the sale, the senior vice president now owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,842 shares of company stock worth $4,048,449 in the last three months. Company insiders own 10.00% of the company's stock.

Dorman Products Trading Down 0.5 %

Shares of NASDAQ DORM traded down $0.62 during midday trading on Thursday, reaching $125.15. 253,590 shares of the stock were exchanged, compared to its average volume of 148,638. The stock has a 50 day moving average price of $128.15 and a 200-day moving average price of $126.49. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.83 billion, a P/E ratio of 20.93 and a beta of 0.84. Dorman Products, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60.

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

Dorman Products 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.