Vanguard Group Inc. Buys 91,361 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Vanguard Group Inc. raised its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,028,728 shares of the auto parts company's stock after acquiring an additional 91,361 shares during the quarter. Vanguard Group Inc. owned about 9.92% of Dorman Products worth $392,372,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DORM. Westside Investment Management Inc. bought a new stake in shares of Dorman Products in the third quarter valued at about $29,000. Jones Financial Companies Lllp raised its stake in Dorman Products by 518.4% in the 4th 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 acquired a new stake in Dorman Products in the 4th quarter worth about $31,000. Newbridge Financial Services Group Inc. bought a new stake in Dorman Products in the 4th quarter valued at about $42,000. Finally, Blue Trust Inc. grew its position in shares of Dorman Products by 1,581.0% during the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock worth $46,000 after purchasing an additional 332 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven L. Berman sold 285 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the transaction, the director now owns 833,527 shares in the company, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,842 shares of company stock valued at $4,048,449. 10.00% of the stock is owned by corporate insiders.

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Dorman Products Trading Down 1.7 %

Shares of NASDAQ:DORM traded down $2.01 during mid-day trading on Monday, reaching $113.84. 458,651 shares of the company's stock were exchanged, compared to its average volume of 162,204. 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 $86.61 and a twelve month high of $146.60. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 19.04 and a beta of 0.87. The business's fifty day moving average price is $126.44 and its 200-day moving average price is $126.95.

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, topping analysts' consensus estimates of $1.99 by $0.21. The firm had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. On average, research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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