Wellington Management Group LLP Increases Position in Dorman Products, Inc. (NASDAQ:DORM)

Wellington Management Group LLP lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 1,136.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,717 shares of the auto parts company's stock after purchasing an additional 160,584 shares during the quarter. Wellington Management Group LLP owned about 0.57% of Dorman Products worth $22,635,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC raised its holdings in Dorman Products by 224.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,989 shares of the auto parts company's stock worth $776,000 after purchasing an additional 4,145 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Dorman Products by 163.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after purchasing an additional 172 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Dorman Products by 889.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 126,180 shares of the auto parts company's stock worth $16,347,000 after buying an additional 113,424 shares in the last quarter. Horizon Investment Services LLC lifted its holdings in shares of Dorman Products by 26.4% in the 4th quarter. Horizon Investment Services LLC now owns 3,135 shares of the auto parts company's stock valued at $406,000 after buying an additional 655 shares during the period. Finally, Norges Bank purchased a new stake in shares of Dorman Products in the fourth quarter valued at approximately $41,047,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

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Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 2,486 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $128.59, for a total transaction of $319,674.74. Following the completion of the transaction, the director now owns 828,555 shares of the company's stock, valued at approximately $106,543,887.45. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Donna M. Long sold 742 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,557 shares of company stock valued at $4,013,252. Insiders own 10.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Dorman Products Price Performance

DORM stock traded down $2.01 during trading on Friday, reaching $111.86. 388,176 shares of the company were exchanged, compared to its average volume of 167,364. Dorman Products, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The company has a market cap of $3.42 billion, a P/E ratio of 18.71 and a beta of 0.87. The stock's 50 day moving average price is $124.34 and its 200 day moving average price is $126.77.

Dorman Products (NASDAQ:DORM - Get Free Report) last released 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. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $533.77 million for the quarter, compared to analysts' expectations of $523.95 million. As a group, analysts predict 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.