Jennison Associates LLC Increases Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Jennison Associates LLC boosted its stake in Dorman Products, Inc. (NASDAQ:DORMFree Report) by 73.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 283,387 shares of the auto parts company’s stock after purchasing an additional 119,707 shares during the quarter. Jennison Associates LLC owned about 0.91% of Dorman Products worth $27,316,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DORM. Teachers Retirement System of The State of Kentucky raised its position in shares of Dorman Products by 210.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 28,700 shares of the auto parts company’s stock valued at $2,394,000 after buying an additional 19,447 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Dorman Products by 182.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company’s stock valued at $17,805,000 after purchasing an additional 137,979 shares during the last quarter. Trexquant Investment LP bought a new position in Dorman Products during the 4th quarter valued at about $1,640,000. Vanguard Group Inc. grew its holdings in Dorman Products by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,990,436 shares of the auto parts company’s stock valued at $249,432,000 after purchasing an additional 24,328 shares during the last quarter. Finally, Norges Bank bought a new position in Dorman Products during the 4th quarter valued at about $23,298,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Activity

In related news, SVP Donna M. Long sold 500 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $92.06, for a total transaction of $46,030.00. Following the completion of the sale, the senior vice president now owns 20,126 shares of the company’s stock, valued at $1,852,799.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.00% of the company’s stock.

Dorman Products Price Performance

NASDAQ DORM opened at $87.27 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.17 and a current ratio of 2.50. The firm’s 50 day moving average price is $91.27 and its 200-day moving average price is $88.72. Dorman Products, Inc. has a 52-week low of $60.01 and a 52-week high of $98.55. The company has a market cap of $2.71 billion, a PE ratio of 17.56 and a beta of 0.82.

Dorman Products (NASDAQ:DORMGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.49. Dorman Products had a net margin of 8.10% and a return on equity of 14.61%. The firm had revenue of $468.70 million for the quarter, compared to the consensus estimate of $472.35 million. During the same period last year, the firm earned $0.56 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts forecast that Dorman Products, Inc. will post 5.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on DORM shares. Roth Mkm reiterated a “buy” rating and set a $116.00 price target on shares of Dorman Products in a report on Friday, June 14th. TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a research note on Wednesday, March 20th.

Check Out Our Latest Research Report on DORM

Dorman Products Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products, Inc. (NASDAQ:DORMFree Report).

Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

Receive News & Ratings for Dorman Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products and related companies with MarketBeat.com's FREE daily email newsletter.