Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 216.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,715 shares of the auto parts company's stock after purchasing an additional 13,487 shares during the quarter. LPL Financial LLC owned approximately 0.06% of Dorman Products worth $2,555,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in Dorman Products in the 4th quarter valued at about $287,000. Charles Schwab Investment Management Inc. increased its stake in shares of Dorman Products by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock worth $45,954,000 after purchasing an additional 4,102 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Dorman Products during the 4th quarter worth approximately $387,000. HighTower Advisors LLC lifted its stake in Dorman Products by 431.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company's stock valued at $1,563,000 after buying an additional 11,246 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Dorman Products by 21.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company's stock valued at $4,047,000 after buying an additional 5,441 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Dorman Products Trading Down 0.4 %

NASDAQ DORM traded down $0.49 during mid-day trading on Friday, reaching $111.18. 274,598 shares of the stock were exchanged, compared to its average volume of 172,684. The business's fifty day simple moving average is $122.73 and its 200 day simple moving average is $126.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a market capitalization of $3.40 billion, a PE ratio of 18.59 and a beta of 0.87. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. On average, research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value 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 trade represents a 3.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven L. Berman sold 8,524 shares of the business's stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value of $1,123,377.96. Following the sale, the director now owns 773,094 shares of the company's stock, valued at $101,886,058.26. The trade was a 1.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,679 shares of company stock worth $3,253,409. 10.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Friday.

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.