Dorman Products, Inc. (NASDAQ:DORM) Holdings Raised by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 49.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,800 shares of the auto parts company's stock after purchasing an additional 7,913 shares during the quarter. Deutsche Bank AG owned about 0.08% of Dorman Products worth $3,083,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DORM. Jones Financial Companies Lllp lifted its position in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after buying an additional 197 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Dorman Products during the 4th quarter valued at $31,000. CIBC Private Wealth Group LLC lifted its holdings in shares of 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 acquiring an additional 172 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Dorman Products during the 4th quarter worth $42,000. Finally, Blue Trust Inc. increased its holdings in Dorman Products by 1,581.0% in 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. Institutional investors and hedge funds own 84.70% of the company's stock.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction 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 in the company, valued at approximately $2,593,779.72. The trade was a 3.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John J. Gavin sold 2,900 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the sale, the director now directly owns 8,132 shares of the company's stock, valued at $1,066,837.08. The trade was a 26.29% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Dorman Products Stock Down 0.9%

Shares of DORM traded down $1.13 during mid-day trading on Monday, reaching $125.06. 113,412 shares of the stock traded hands, compared to its average volume of 184,378. The stock has a fifty day simple moving average of $119.77 and a 200 day simple moving average of $127.28. Dorman Products, Inc. has a 12-month low of $87.05 and a 12-month high of $146.60. 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 firm has a market cap of $3.82 billion, a price-to-earnings ratio of 20.91 and a beta of 0.86.

Dorman Products (NASDAQ:DORM - Get Free Report) last released 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. The firm had revenue of $507.69 million for 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 firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 EPS. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.