GW&K Investment Management LLC Has $77.34 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

GW&K Investment Management LLC boosted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 597,000 shares of the auto parts company’s stock after purchasing an additional 8,830 shares during the period. GW&K Investment Management LLC’s holdings in Dorman Products were worth $77,341,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Creative Planning boosted its stake in Dorman Products by 53.6% in the third quarter. Creative Planning now owns 6,912 shares of the auto parts company’s stock valued at $782,000 after buying an additional 2,413 shares in the last quarter. Raymond James & Associates increased its position in Dorman Products by 26.7% during the 3rd quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company’s stock worth $3,944,000 after purchasing an additional 7,349 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Dorman Products in the 3rd quarter valued at approximately $251,000. Nisa Investment Advisors LLC boosted its position in Dorman Products by 4.1% in the third quarter. Nisa Investment Advisors LLC now owns 9,630 shares of the auto parts company’s stock valued at $1,089,000 after buying an additional 381 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Dorman Products by 11.9% during the third quarter. New York State Teachers Retirement System now owns 23,659 shares of the auto parts company’s stock worth $2,676,000 after buying an additional 2,509 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th.

Dorman Products Trading Up 3.2 %

DORM opened at $127.99 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60. The company’s 50 day moving average price is $128.60 and its two-hundred day moving average price is $123.95. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 21.40 and a beta of 0.88.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share 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%. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Buying and Selling at Dorman Products

In other news, Director Steven L. Berman sold 8,485 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the sale, the director now directly owns 867,671 shares of the company’s stock, valued at approximately $118,723,422.93. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Mcknight sold 8,185 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the sale, the insider now owns 8,902 shares of the company’s stock, valued at approximately $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,533 shares of company stock worth $6,619,683. Insiders own 10.00% of the company’s stock.

About Dorman Products

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.