Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in Dorman Products, Inc. (NASDAQ:DORM) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,255 shares of the auto parts company’s stock after selling 170 shares during the period. Rhumbline Advisers owned 0.24% of Dorman Products worth $8,830,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock worth $392,372,000 after buying an additional 91,361 shares during the period. GW&K Investment Management LLC increased its holdings in shares of Dorman Products by 1.5% during the fourth quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company’s stock valued at $77,341,000 after purchasing an additional 8,830 shares during the period. Northern Trust Corp increased its holdings in shares of Dorman Products by 10.2% during the fourth quarter. Northern Trust Corp now owns 472,721 shares of the auto parts company’s stock valued at $61,241,000 after purchasing an additional 43,811 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Dorman Products by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company’s stock valued at $45,954,000 after purchasing an additional 4,102 shares during the period. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Dorman Products during the fourth quarter valued at $42,495,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dorman Products

In related news, Director John J. Gavin sold 2,900 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the transaction, the director now owns 8,132 shares of the company’s stock, valued at $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 8.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th.

Dorman Products Price Performance

Shares of DORM opened at $127.91 on Wednesday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 21.39 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a one year low of $87.05 and a one year high of $146.60. The stock’s fifty day moving average is $120.63 and its 200-day moving average is $126.67.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.54. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. During the same period last year, the company earned $1.31 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current 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.