Teacher Retirement System of Texas Boosts Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Teacher Retirement System of Texas increased its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 6.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 0.23% of Dorman Products worth $9,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Dorman Products by 8.6% in the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock worth $125,374,000 after acquiring an additional 87,780 shares in the last quarter. GW&K Investment Management LLC raised its position in shares of Dorman Products by 1.5% in the 4th quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company's stock worth $77,341,000 after purchasing an additional 8,830 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Dorman Products by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock worth $45,954,000 after purchasing an additional 4,102 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its position in Dorman Products by 33.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company's stock valued at $17,385,000 after purchasing an additional 38,188 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Dorman Products by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 138,082 shares of the auto parts company's stock valued at $17,889,000 after purchasing an additional 4,247 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

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Insider Activity at Dorman Products

In other news, Director Steven L. Berman sold 9,238 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the completion of the sale, the director now owns 788,688 shares of the company's stock, valued at $104,682,558.24. This represents a 1.16 % decrease in their position. The transaction 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 firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,475 shares of company stock worth $4,397,374. 10.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Dorman Products Stock Performance

NASDAQ:DORM traded down $0.30 during mid-day trading on Tuesday, reaching $126.44. The company's stock had a trading volume of 70,363 shares, compared to its average volume of 147,608. 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 stock has a market cap of $3.87 billion, a P/E ratio of 21.17 and a beta of 0.84. The firm's fifty day moving average price is $128.21 and its two-hundred day moving average price is $126.38. Dorman Products, Inc. has a 12-month low of $86.61 and a 12-month high of $146.60.

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 company 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, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.