Lazard Asset Management LLC Makes New $782,000 Investment in Dorman Products, Inc. (NASDAQ:DORM)

Lazard Asset Management LLC purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,041 shares of the auto parts company's stock, valued at approximately $782,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake 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 worth $30,000 after buying an additional 197 shares during the period. Quent Capital LLC acquired a new position in shares of Dorman Products in the fourth quarter worth $31,000. CIBC Private Wealth Group LLC increased its position in shares of Dorman Products by 163.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after acquiring an additional 172 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Dorman Products in the fourth quarter valued at $42,000. Finally, Blue Trust Inc. boosted its holdings in Dorman Products by 1,581.0% in the fourth 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 during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insiders Place Their Bets

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the transaction, the director now directly owns 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 document filed with the SEC, which is available at this hyperlink. Also, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by company insiders.

Dorman Products Stock Down 0.9%

NASDAQ DORM traded down $1.13 on Monday, hitting $125.06. 113,412 shares of the stock were exchanged, compared to its average volume of 184,378. Dorman Products, Inc. has a fifty-two week low of $87.05 and a fifty-two week high of $146.60. The company has a 50-day moving average price of $119.77 and a 200-day moving average price of $127.28. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.82 billion, a PE ratio of 20.91 and a beta of 0.86.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.54. The firm had revenue of $507.69 million during the quarter, compared to the consensus estimate of $483.09 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.