Robeco Institutional Asset Management B.V. Increases Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Robeco Institutional Asset Management B.V. grew its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 134.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,671 shares of the auto parts company's stock after buying an additional 20,448 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of Dorman Products worth $4,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DORM. Jones Financial Companies Lllp grew its holdings 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 valued at $30,000 after buying an additional 197 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Dorman Products by 163.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after acquiring an additional 172 shares during the last quarter. TD Private Client Wealth LLC bought a new position in shares of Dorman Products in the fourth quarter worth approximately $49,000. USA Financial Formulas grew its stake in shares of Dorman Products by 127.6% in the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock worth $47,000 after purchasing an additional 217 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Dorman Products by 42.5% in the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock worth $61,000 after buying an additional 150 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Performance

Shares of DORM traded up $0.66 on Thursday, reaching $127.97. The company's stock had a trading volume of 101,140 shares, compared to its average volume of 189,293. The stock's 50 day simple moving average is $124.23 and its two-hundred day simple moving average is $125.04. The stock has a market capitalization of $3.90 billion, a P/E ratio of 18.36 and a beta of 0.85. Dorman Products, Inc. has a 12-month low of $87.05 and a 12-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.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.54. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The firm had revenue of $507.69 million for the quarter, compared to analysts' expectations of $483.09 million. During the same quarter last year, the business posted $1.31 earnings per share. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. Research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the transaction, the director directly owned 8,132 shares in the company, valued at $1,066,837.08. This trade represents a 26.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised 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.