Teacher Retirement System of Texas Decreases Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Teacher Retirement System of Texas decreased its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,270 shares of the auto parts company's stock after selling 13,404 shares during the period. Teacher Retirement System of Texas owned 0.19% of Dorman Products worth $6,903,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System grew its stake in shares of Dorman Products by 0.4% in the 1st quarter. New York State Teachers Retirement System now owns 24,741 shares of the auto parts company's stock valued at $2,982,000 after buying an additional 100 shares during the period. KBC Group NV increased its holdings in Dorman Products by 16.1% in the 1st quarter. KBC Group NV now owns 1,226 shares of the auto parts company's stock valued at $148,000 after purchasing an additional 170 shares during the last quarter. Convergence Financial LLC acquired a new stake in Dorman Products in the 1st quarter valued at approximately $224,000. Robeco Institutional Asset Management B.V. increased its holdings in Dorman Products by 134.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 35,671 shares of the auto parts company's stock valued at $4,300,000 after purchasing an additional 20,448 shares during the last quarter. Finally, Yorktown Management & Research Co Inc increased its holdings in Dorman Products by 48.6% in the 1st quarter. Yorktown Management & Research Co Inc now owns 5,500 shares of the auto parts company's stock valued at $663,000 after purchasing an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insider Activity

In related 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 transaction of $380,451.00. Following the completion of the transaction, the director owned 8,132 shares of the company's stock, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th.

Dorman Products Stock Performance

NASDAQ DORM traded down $3.20 during trading on Monday, reaching $124.89. The company's stock had a trading volume of 124,788 shares, compared to its average volume of 189,924. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 2.62. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 17.92 and a beta of 0.85. Dorman Products, Inc. has a twelve month low of $87.05 and a twelve month high of $146.60. The business's fifty day moving average price is $124.77 and its 200-day moving average price is $124.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $483.09 million. During the same quarter in the previous year, the firm earned $1.31 earnings per share. The firm's revenue was up 8.3% on a year-over-year basis. As a group, analysts anticipate 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.