Jennison Associates LLC Raises Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Jennison Associates LLC boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 32.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 598,642 shares of the auto parts company's stock after acquiring an additional 145,391 shares during the quarter. Jennison Associates LLC owned 1.96% of Dorman Products worth $72,160,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in 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. TD Private Client Wealth LLC acquired a new stake in shares of Dorman Products during the 4th quarter worth about $49,000. USA Financial Formulas boosted its holdings in shares of Dorman Products by 127.6% during the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock worth $47,000 after buying an additional 217 shares during the period. Blue Trust Inc. grew its stake in Dorman Products by 42.5% in the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock valued at $61,000 after buying an additional 150 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Dorman Products by 46.4% in the 4th quarter. Covestor Ltd now owns 555 shares of the auto parts company's stock valued at $72,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

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.

Insider Buying and Selling at Dorman Products

In related news, Director John J. Gavin sold 2,900 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the transaction, the director directly owned 8,132 shares of the company's stock, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.90% of the stock is currently owned by company insiders.

Dorman Products Stock Up 0.5%

DORM traded up $0.66 during trading on Tuesday, reaching $122.11. The stock had a trading volume of 138,320 shares, compared to its average volume of 190,682. Dorman Products, Inc. has a one year low of $94.87 and a one year high of $146.60. The company has a current ratio of 2.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average is $125.48 and its two-hundred day moving average is $124.23. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 17.52 and a beta of 0.85.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.54. The business had revenue of $507.69 million during 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%. Dorman Products's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS. As a group, analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

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.