ProShare Advisors LLC Boosts Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

ProShare Advisors LLC boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,819 shares of the auto parts company's stock after buying an additional 2,325 shares during the period. ProShare Advisors LLC's holdings in Dorman Products were worth $1,013,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DORM. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Dorman Products in the 4th quarter valued at about $42,495,000. Norges Bank acquired a new position in shares of Dorman Products in the 4th quarter valued at about $41,047,000. Oberweis Asset Management Inc. acquired a new position in shares of Dorman Products in the 4th quarter valued at about $23,283,000. Wellington Management Group LLP lifted 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 valued at $22,635,000 after purchasing an additional 160,584 shares in the last quarter. Finally, Cercano Management LLC acquired a new position in shares of Dorman Products in the 4th quarter valued at about $16,328,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Stock Up 1.7%

Dorman Products stock traded up $2.13 during midday trading on Tuesday, hitting $127.19. 42,593 shares of the company were exchanged, compared to its average volume of 183,822. The company's fifty day moving average price is $119.77 and its 200-day moving average price is $127.28. The company has a market cap of $3.88 billion, a PE ratio of 21.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a fifty-two week low of $87.05 and a fifty-two week high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 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 analyst estimates of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Dorman Products's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 EPS. On average, research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 742 shares of Dorman Products 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 $2,593,779.72. The trade was a 3.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $131.19, for a total value of $380,451.00. Following the sale, the director now 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 disclosure for this sale can be found here. 8.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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 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.