Clark Capital Management Group Inc. Takes $4.08 Million Position in Dorman Products, Inc. (NASDAQ:DORM)

Clark Capital Management Group Inc. purchased a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 31,471 shares of the auto parts company's stock, valued at approximately $4,077,000. Clark Capital Management Group Inc. owned about 0.10% of Dorman Products as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 197 shares in the last quarter. Quent Capital LLC acquired a new stake in Dorman Products during the 4th quarter valued at $31,000. CIBC Private Wealth Group LLC increased its holdings in Dorman Products by 163.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock valued at $35,000 after purchasing an additional 172 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Dorman Products during the 4th quarter valued at $42,000. Finally, Blue Trust Inc. increased its holdings in Dorman Products by 1,581.0% during the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 332 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.90% of the company's stock.

Dorman Products Trading Up 0.2%

Shares of NASDAQ:DORM traded up $0.26 during midday trading on Friday, hitting $124.54. The company had a trading volume of 180,902 shares, compared to its average volume of 182,243. Dorman Products, Inc. has a 12 month low of $87.05 and a 12 month high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 20.83 and a beta of 0.86. The firm has a fifty day simple moving average of $119.45 and a 200 day simple moving average of $127.06.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.54. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business 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 EPS. The firm's revenue was up 8.3% on a year-over-year basis. On average, analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a report on Monday, May 5th.

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.