Dorman Products, Inc. (NASDAQ:DORM) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 95.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,664 shares of the auto parts company's stock after buying an additional 22,768 shares during the quarter. First Trust Advisors LP owned 0.15% of Dorman Products worth $6,045,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock valued at $392,372,000 after purchasing an additional 91,361 shares during the period. GW&K Investment Management LLC boosted its position in Dorman Products by 1.5% in the 4th quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company's stock valued at $77,341,000 after buying an additional 8,830 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dorman Products by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock valued at $45,954,000 after acquiring an additional 4,102 shares in the last quarter. Norges Bank purchased a new stake in shares of Dorman Products during the fourth quarter worth about $41,047,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Dorman Products by 47.3% in the fourth quarter. JPMorgan Chase & Co. now owns 196,415 shares of the auto parts company's stock worth $25,446,000 after acquiring an additional 63,074 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 26th.

Dorman Products Stock Up 0.2 %

Shares of DORM traded up $0.27 during midday trading on Friday, hitting $115.27. The company had a trading volume of 180,694 shares, compared to its average volume of 178,668. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 19.28 and a beta of 0.87. The company's 50 day moving average price is $120.13 and its 200 day moving average price is $126.76. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 52 week low of $87.05 and a 52 week high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.21. The firm had revenue of $533.77 million for the quarter, compared to analysts' expectations of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. On average, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the sale, the senior vice president now owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.90% of the stock is owned by insiders.

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.