380 Shares in Dorman Products, Inc. (NASDAQ:DORM) Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the fourth quarter, Holdings Channel reports. The firm purchased 380 shares of the auto parts company’s stock, valued at approximately $49,000.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after purchasing an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after buying an additional 84,613 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in Dorman Products by 33.1% during the third quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company’s stock worth $17,385,000 after buying an additional 38,188 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Dorman Products during the fourth quarter worth approximately $4,810,000. Finally, Barclays PLC raised its stake in shares of Dorman Products by 380.7% in the third quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock valued at $5,298,000 after acquiring an additional 37,098 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Down 0.6 %

Shares of NASDAQ DORM opened at $126.00 on Wednesday. Dorman Products, Inc. has a 12-month low of $86.61 and a 12-month high of $146.60. The firm’s 50-day simple moving average is $128.21 and its 200 day simple moving average is $126.50. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 21.07 and a beta of 0.84.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.21. The company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. On average, research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Steven L. Berman sold 2,633 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $132.52, for a total value of $348,925.16. Following the transaction, the director now owns 833,812 shares of the company’s stock, valued at approximately $110,496,766.24. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Donna M. Long sold 742 shares of Dorman Products 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 sale, the senior vice president now owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,475 shares of company stock valued at $4,397,374. Company insiders own 10.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Dorman Products from a “strong-buy” rating to a “buy” rating in a report 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.