Azzad Asset Management Inc. ADV Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

Azzad Asset Management Inc. ADV acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,979 shares of the auto parts company's stock, valued at approximately $841,000.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in shares of 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. CIBC Private Wealth Group LLC grew 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 worth $35,000 after acquiring an additional 172 shares during the period. Blue Trust Inc. raised its position in shares of 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 acquiring an additional 332 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Dorman Products during the 4th quarter valued at $49,000. Finally, USA Financial Formulas lifted its stake in shares of Dorman Products by 127.6% in the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock valued at $47,000 after purchasing an additional 217 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John J. Gavin sold 2,900 shares of the firm's 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 sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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 Trading Up 0.5%

NASDAQ:DORM traded up $0.55 during trading hours on Thursday, hitting $121.79. The stock had a trading volume of 175,218 shares, compared to its average volume of 187,625. The business's 50 day moving average is $121.74 and its 200-day moving average is $126.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 2.62. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 17.47 and a beta of 0.87. Dorman Products, Inc. has a one year low of $87.05 and a one year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last released 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. The business had revenue of $507.69 million during the quarter, compared to analysts' expectations of $483.09 million. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 EPS. Sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.