Nuveen Asset Management LLC Increases Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Captrust Financial Advisors raised its position in shares of Dorman Products by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company's stock worth $247,000 after buying an additional 79 shares in the last quarter. HighPoint Advisor Group LLC raised its position in shares of Dorman Products by 3.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company's stock worth $308,000 after buying an additional 83 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Dorman Products by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company's stock worth $617,000 after buying an additional 84 shares in the last quarter. Pitcairn Co. raised its position in shares of Dorman Products by 2.0% in the fourth quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company's stock worth $582,000 after buying an additional 86 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in shares of Dorman Products by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock worth $350,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insider Buying and Selling

In other news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction that occurred 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 owns 8,132 shares of the company's stock, valued at $1,066,837.08. The trade was a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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 Price Performance

NASDAQ DORM traded down $0.18 during trading hours on Wednesday, reaching $127.39. 63,096 shares of the stock traded hands, compared to its average volume of 183,945. The stock has a 50 day simple moving average of $119.79 and a two-hundred day simple moving average of $127.28. Dorman Products, Inc. has a 1 year low of $87.05 and a 1 year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 21.32 and a beta of 0.86.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.54. The firm had revenue of $507.69 million for the quarter, compared to analysts' expectations of $483.09 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $1.31 earnings per share. On average, analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal 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.