ProShare Advisors LLC Increases Stake in Dorman Products, Inc. (NASDAQ:DORM)

ProShare Advisors LLC grew its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 42.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,819 shares of the auto parts company's stock after acquiring an additional 2,325 shares during the quarter. ProShare Advisors LLC's holdings in Dorman Products were worth $1,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings 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 worth $30,000 after buying an additional 197 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Dorman Products in the 4th quarter worth about $31,000. CIBC Private Wealth Group LLC raised its holdings in shares of Dorman Products by 163.8% in 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 last quarter. Newbridge Financial Services Group Inc. bought a new position in Dorman Products in the 4th quarter valued at about $42,000. Finally, Blue Trust Inc. increased its holdings in Dorman Products by 1,581.0% during the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock worth $46,000 after purchasing an additional 332 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Stock Performance

Shares of Dorman Products stock traded down $0.39 during mid-day trading on Wednesday, hitting $127.18. 16,971 shares of the stock were exchanged, compared to its average volume of 183,752. The company has a market capitalization of $3.88 billion, a P/E ratio of 21.26 and a beta of 0.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The company has a 50-day simple moving average of $119.79 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.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly 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 return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $507.69 million during the quarter, compared to analyst estimates of $483.09 million. During the same period last year, the company earned $1.31 earnings per share. The business's revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity at Dorman Products

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of Dorman Products 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 owns 8,132 shares of the company's stock, valued at $1,066,837.08. The trade was a 26.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donna M. Long sold 742 shares of the firm's 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 completion of the transaction, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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 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.