Wellington Management Group LLP Purchases 160,584 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Wellington Management Group LLP grew its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 1,136.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 174,717 shares of the auto parts company's stock after acquiring an additional 160,584 shares during the quarter. Wellington Management Group LLP owned about 0.57% of Dorman Products worth $22,635,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after buying an additional 197 shares in the last quarter. Quent Capital LLC acquired a new position in Dorman Products during the 4th quarter worth approximately $31,000. CIBC Private Wealth Group LLC increased its position 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 purchasing an additional 172 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Dorman Products in the 4th quarter valued at approximately $42,000. Finally, Blue Trust Inc. boosted its position in Dorman Products by 1,581.0% in the fourth quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock valued at $46,000 after buying an additional 332 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

Wall Street Analysts Forecast Growth

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.

Insiders Place Their Bets

In related news, Director John J. Gavin sold 2,900 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $131.19, for a total value of $380,451.00. Following the sale, the director now owns 8,132 shares in the company, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Donna M. Long sold 742 shares of the firm's 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 sale, the senior vice president now directly owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company's stock.

Dorman Products Trading Down 0.2%

Shares of Dorman Products stock traded down $0.24 during midday trading on Wednesday, reaching $127.33. The company had a trading volume of 35,520 shares, compared to its average volume of 185,157. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a fifty-two week low of $87.05 and a fifty-two week high of $146.60. The stock has a fifty day moving average price of $119.98 and a 200 day moving average price of $126.98. The firm has a market cap of $3.88 billion, a PE ratio of 21.29 and a beta of 0.86.

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

About Dorman Products

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.