Alps Advisors Inc. Buys Shares of 2,840 Dorman Products, Inc. (NASDAQ:DORM)

Alps Advisors Inc. bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,840 shares of the auto parts company's stock, valued at approximately $342,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock valued at $392,372,000 after purchasing an additional 91,361 shares during the period. Northern Trust Corp increased its holdings in Dorman Products by 10.2% in the fourth quarter. Northern Trust Corp now owns 472,721 shares of the auto parts company's stock valued at $61,241,000 after purchasing an additional 43,811 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Dorman Products in the fourth quarter valued at $42,495,000. Norges Bank acquired a new stake in Dorman Products in the fourth quarter valued at $41,047,000. Finally, Royal Bank of Canada increased its holdings in Dorman Products by 0.7% in the fourth quarter. Royal Bank of Canada now owns 239,904 shares of the auto parts company's stock valued at $31,081,000 after purchasing an additional 1,602 shares during the period. 84.70% of the stock is currently owned by institutional investors.

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 research report on Friday, May 16th.

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 directly owned 8,132 shares in the company, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.90% of the stock is currently owned by company insiders.

Dorman Products Price Performance

Shares of NASDAQ DORM traded down $1.07 during mid-day trading on Friday, reaching $121.33. 143,984 shares of the company were exchanged, compared to its average volume of 190,863. Dorman Products, Inc. has a 52 week low of $94.87 and a 52 week high of $146.60. 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 stock has a market capitalization of $3.70 billion, a PE ratio of 17.41 and a beta of 0.85. The company's 50 day moving average price is $125.83 and its 200 day moving average price is $124.33.

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. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The company had revenue of $507.69 million for the quarter, compared to analysts' expectations of $483.09 million. During the same quarter last year, the company earned $1.31 EPS. The firm's revenue was up 8.3% compared to the same quarter last year. Sell-side analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Dorman Products 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.