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

GW&K Investment Management LLC lifted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 601,363 shares of the auto parts company's stock after buying an additional 4,363 shares during the quarter. Dorman Products comprises approximately 0.7% of GW&K Investment Management LLC's investment portfolio, 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.

Several other institutional investors also recently modified their holdings of the business. CIBC Private Wealth Group LLC grew its holdings 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 valued at $35,000 after purchasing an additional 172 shares during the period. USA Financial Formulas grew its holdings in Dorman Products by 127.6% during the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock valued at $47,000 after purchasing an additional 217 shares during the period. TD Private Client Wealth LLC acquired a new position in Dorman Products during the fourth quarter valued at approximately $49,000. Blue Trust Inc. grew its holdings in Dorman Products by 42.5% during the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock valued at $61,000 after purchasing an additional 150 shares during the period. Finally, Covestor Ltd grew its holdings in Dorman Products by 46.4% during the fourth quarter. Covestor Ltd now owns 555 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Dorman Products Stock Down 1.3%

Shares of Dorman Products stock traded down $1.61 on Thursday, hitting $121.40. The company had a trading volume of 62,682 shares, compared to its average volume of 212,986. The firm has a market capitalization of $3.70 billion, a P/E ratio of 17.42 and a beta of 0.85. Dorman Products, Inc. has a twelve month low of $94.87 and a twelve month high of $146.60. 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 stock has a 50-day moving average of $125.38 and a 200-day moving average of $124.22.

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 for the quarter, beating the consensus estimate of $1.48 by $0.54. The company had revenue of $507.69 million during the quarter, compared to analysts' expectations of $483.09 million. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.31 earnings per share. Research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded 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 other news, Director John J. Gavin sold 2,900 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the completion of the transaction, the director owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is owned by company insiders.

About Dorman Products

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.