Nuveen Asset Management LLC Acquires 99,978 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Nuveen Asset Management LLC increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 143.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,829 shares of the auto parts company's stock after acquiring an additional 99,978 shares during the quarter. Nuveen Asset Management LLC owned about 0.56% of Dorman Products worth $22,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after acquiring an additional 197 shares during the last quarter. Quent Capital LLC acquired a new stake in Dorman Products during the 4th quarter worth approximately $31,000. CIBC Private Wealth Group LLC raised its holdings in Dorman Products by 163.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after buying an additional 172 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Dorman Products during the 4th quarter worth approximately $42,000. Finally, Blue Trust Inc. raised 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 buying an additional 332 shares during the period. Institutional investors own 84.70% of the company's stock.

Dorman Products Stock Down 0.1%

DORM stock traded down $0.14 during mid-day trading on Thursday, hitting $127.11. 19,978 shares of the company were exchanged, compared to its average volume of 183,945. 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 firm has a market cap of $3.88 billion, a P/E ratio of 21.26 and a beta of 0.86. The firm's 50 day simple moving average is $119.83 and its 200 day simple moving average is $127.28. Dorman Products, Inc. has a 1-year low of $87.05 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.54. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $507.69 million for the quarter, compared to the consensus estimate of $483.09 million. During the same period last year, the company earned $1.31 earnings per share. The firm's revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity

In related news, Director John J. Gavin sold 2,900 shares of the business'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 transaction, the director now directly owns 8,132 shares in the company, valued at approximately $1,066,837.08. The trade was a 26.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction 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 transaction, the senior vice president now directly owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

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.

Dorman Products 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.