GW&K Investment Management LLC Acquires 4,363 Shares of Dorman Products, Inc. (NASDAQ:DORM)

GW&K Investment Management LLC grew its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 601,363 shares of the auto parts company's stock after purchasing an additional 4,363 shares during the quarter. Dorman Products makes up approximately 0.7% of GW&K Investment Management LLC's holdings, making the stock its 29th biggest holding. GW&K Investment Management LLC owned about 1.97% of Dorman Products worth $72,489,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CIBC Private Wealth Group LLC boosted its position in Dorman Products by 163.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after purchasing an additional 172 shares during the period. USA Financial Formulas raised its position in Dorman Products by 127.6% in the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock valued at $47,000 after buying an additional 217 shares during the last quarter. TD Private Client Wealth LLC purchased a new stake in shares of Dorman Products during the 4th quarter valued at $49,000. Blue Trust Inc. grew its stake in shares of Dorman Products by 42.5% during the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock worth $61,000 after acquiring an additional 150 shares during the period. Finally, Covestor Ltd boosted its stake in Dorman Products by 46.4% in the 4th quarter. Covestor Ltd now owns 555 shares of the auto parts company's stock worth $72,000 after purchasing an additional 176 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dorman Products

In other news, Director John J. Gavin sold 2,900 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the sale, the director owned 8,132 shares in the company, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.90% of the company's stock.

Dorman Products Price Performance

DORM stock opened at $121.33 on Monday. 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 business has a 50 day simple moving average of $125.83 and a 200-day simple moving average of $124.30. The firm has a market capitalization of $3.70 billion, a PE ratio of 17.41 and a beta of 0.85. 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 released its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 19.10% and a net margin of 10.48%. The business's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $1.31 earnings per share. Equities research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Dorman Products from a "buy" rating to a "strong-buy" rating in a research 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.

Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products, Inc. (NASDAQ:DORM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.