Universal Beteiligungs und Servicegesellschaft mbH Invests $3.06 Million in Dorman Products, Inc. (NASDAQ:DORM)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,394 shares of the auto parts company's stock, valued at approximately $3,061,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Dorman Products at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. CIBC Private Wealth Group LLC lifted its stake in shares of 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 valued at $35,000 after buying an additional 172 shares during the period. USA Financial Formulas lifted its stake in shares of Dorman Products by 127.6% during the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock valued at $47,000 after buying an additional 217 shares during the period. Blue Trust Inc. lifted its stake in shares of Dorman Products by 42.5% during the first 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 period. TD Private Client Wealth LLC lifted its stake in shares of Dorman Products by 51.3% during the first quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company's stock valued at $69,000 after buying an additional 195 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Dorman Products by 46.4% during the fourth quarter. Covestor Ltd now owns 555 shares of the auto parts company's stock valued at $72,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

Insider Buying and Selling

In other news, Director John J. Gavin sold 2,900 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the completion of the sale, the director owned 8,132 shares of the company's stock, valued at $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donna M. Long sold 820 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the sale, the senior vice president directly owned 19,074 shares of the company's stock, valued at $2,331,033.54. The trade was a 4.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% of the company's stock.

Analyst Ratings Changes

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

Dorman Products Trading Down 1.2%

NASDAQ:DORM traded down $1.49 during trading hours on Friday, reaching $119.13. 161,753 shares of the company were exchanged, compared to its average volume of 211,959. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 17.09 and a beta of 0.85. Dorman Products, Inc. has a 52-week low of $94.87 and a 52-week high of $146.60. The stock has a 50 day simple moving average of $124.44 and a 200 day simple moving average of $124.08.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly 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 company had revenue of $507.69 million for the quarter, compared to the consensus estimate of $483.09 million. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. Dorman Products's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share. As a group, analysts predict that Dorman Products, Inc. will post 6.9 EPS 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.