Envestnet Asset Management Inc. Purchases 2,673 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Envestnet Asset Management Inc. boosted its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,752 shares of the auto parts company's stock after purchasing an additional 2,673 shares during the period. Envestnet Asset Management Inc. owned approximately 0.53% of Dorman Products worth $19,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in DORM. Vanguard Group Inc. increased its holdings in Dorman Products by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock valued at $392,372,000 after buying an additional 91,361 shares during the period. Northern Trust Corp increased its position in shares of Dorman Products by 10.2% during the fourth quarter. Northern Trust Corp now owns 472,721 shares of the auto parts company's stock worth $61,241,000 after purchasing an additional 43,811 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Dorman Products during the fourth quarter worth $42,495,000. Norges Bank acquired a new position in shares of Dorman Products during the fourth quarter worth $41,047,000. Finally, Royal Bank of Canada increased its position in shares of Dorman Products by 0.7% during the fourth quarter. Royal Bank of Canada now owns 239,904 shares of the auto parts company's stock worth $31,081,000 after purchasing an additional 1,602 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

Dorman Products Trading Down 0.9%

Shares of NASDAQ:DORM traded down $1.07 during mid-day trading on Friday, reaching $121.33. 143,984 shares of the company were exchanged, compared to its average volume of 190,863. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 17.41 and a beta of 0.85. The firm's 50-day simple moving average is $125.83 and its 200 day simple moving average is $124.33. Dorman Products, Inc. has a 1 year low of $94.87 and a 1 year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.54. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The business had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. During the same period last year, the business earned $1.31 EPS. The company's revenue was up 8.3% on a year-over-year basis. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Dorman Products

In related news, Director John J. Gavin sold 2,900 shares of the business's stock in a transaction dated 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 owned 8,132 shares of the company's stock, valued at approximately $1,066,837.08. The trade was 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 this link. 8.90% of the stock is currently owned by insiders.

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.