Envestnet Asset Management Inc. Buys 2,673 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Envestnet Asset Management Inc. lifted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,752 shares of the auto parts company’s stock after acquiring an additional 2,673 shares during the period. Envestnet Asset Management Inc. owned approximately 0.53% of Dorman Products worth $19,498,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DORM. Fuller & Thaler Asset Management Inc. bought a new position in shares of Dorman Products in the fourth quarter worth about $42,495,000. Norges Bank acquired a new stake in shares of Dorman Products during the 4th quarter worth approximately $41,047,000. Oberweis Asset Management Inc. bought a new position in shares of Dorman Products in the 4th quarter worth $23,283,000. Wellington Management Group LLP lifted its holdings in shares of Dorman Products by 1,136.2% in the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock worth $22,635,000 after purchasing an additional 160,584 shares in the last quarter. Finally, Cercano Management LLC bought a new position in Dorman Products during the 4th quarter valued at $16,328,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Up 0.5%

DORM stock opened at $121.32 on Thursday. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.70 billion, a PE ratio of 17.41 and a beta of 0.85. Dorman Products, Inc. has a twelve month low of $94.87 and a twelve month high of $146.60. The stock has a 50-day simple moving average of $125.94 and a two-hundred day simple moving average of $124.49.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.48 by $0.54. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. The company had revenue of $507.69 million during the quarter, compared to analyst estimates of $483.09 million. During the same quarter in the previous year, the firm earned $1.31 earnings per share. Dorman Products’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director John J. Gavin sold 2,900 shares of the company’s stock in a transaction that occurred on 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 owned 8,132 shares in the company, valued at $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.90% of the company’s stock.

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.