Intech Investment Management LLC Boosts Position in Dorman Products, Inc. (NASDAQ:DORM)

Intech Investment Management LLC grew its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 25.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,384 shares of the auto parts company’s stock after acquiring an additional 4,581 shares during the quarter. Intech Investment Management LLC’s holdings in Dorman Products were worth $2,900,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in shares of Dorman Products by 21.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company’s stock valued at $4,047,000 after buying an additional 5,441 shares during the period. Cibc World Markets Corp purchased a new position in shares of Dorman Products during the fourth quarter valued at approximately $313,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Dorman Products by 1.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock valued at $617,000 after buying an additional 84 shares during the period. Natixis Advisors LLC increased its stake in shares of Dorman Products by 4.0% during the fourth quarter. Natixis Advisors LLC now owns 28,570 shares of the auto parts company’s stock valued at $3,701,000 after buying an additional 1,088 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Dorman Products during the fourth quarter valued at approximately $251,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 Trading Up 2.0 %

Dorman Products stock opened at $127.44 on Thursday. 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 business’s fifty day simple moving average is $128.05 and its two-hundred day simple moving average is $125.95. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 21.31 and a beta of 0.84.

Dorman Products (NASDAQ:DORM) last released its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping 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 business had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. As a group, equities analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven L. Berman sold 617 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the transaction, the director now directly owns 832,910 shares of the company’s stock, valued at $102,639,499.30. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,475 shares of company stock valued at $4,397,374. 10.00% of the stock is currently owned by corporate insiders.

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.