UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 8,494 Shares of Dorman Products, Inc. (NASDAQ:DORM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 19.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 52,664 shares of the auto parts company's stock after buying an additional 8,494 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of Dorman Products worth $6,823,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Dorman Products during the 4th quarter worth about $42,495,000. Norges Bank bought a new position in Dorman Products during the 4th quarter valued at $41,047,000. Oberweis Asset Management Inc. acquired a new position in shares of Dorman Products during the 4th quarter valued at $23,283,000. Wellington Management Group LLP raised its stake in shares of Dorman Products by 1,136.2% in the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock worth $22,635,000 after buying an additional 160,584 shares in the last quarter. Finally, Cercano Management LLC bought a new stake in shares of Dorman Products in the 4th quarter worth $16,328,000. 84.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of the firm'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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Dorman Products Price Performance

DORM stock traded down $0.29 on Thursday, hitting $127.01. 145,353 shares of the company's stock traded hands, compared to its average volume of 186,361. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 21.24 and a beta of 0.86. Dorman Products, Inc. has a 1-year low of $87.05 and a 1-year high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $120.24 and a 200-day moving average of $126.94.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.54. The company had revenue of $507.69 million for the quarter, compared to analysts' expectations of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm's revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 earnings per share. On average, analysts forecast 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.