Dorman Products, Inc. (NASDAQ:DORM) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 42.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,819 shares of the auto parts company’s stock after acquiring an additional 2,325 shares during the period. ProShare Advisors LLC’s holdings in Dorman Products were worth $1,013,000 as of its most recent SEC filing.

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

Dorman Products Trading Down 0.2%

NASDAQ DORM opened at $126.19 on Friday. Dorman Products, Inc. has a 12 month low of $87.05 and a 12 month high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 21.10 and a beta of 0.86. The company’s fifty day moving average price is $119.82 and its two-hundred day moving average price is $127.57.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data 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 net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $507.69 million for the quarter, compared to the consensus estimate of $483.09 million. During the same period in the prior year, the firm posted $1.31 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John J. Gavin sold 2,900 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the transaction, the director now owns 8,132 shares in the company, valued at $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.