First Trust Advisors LP Increases Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

First Trust Advisors LP boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 95.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,664 shares of the auto parts company's stock after acquiring an additional 22,768 shares during the quarter. First Trust Advisors LP owned 0.15% of Dorman Products worth $6,045,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new stake in shares of Dorman Products during the fourth quarter valued at $2,384,000. EAM Global Investors LLC bought a new position in Dorman Products during the 4th quarter valued at about $3,471,000. EAM Investors LLC purchased a new stake in shares of Dorman Products during the 4th quarter valued at about $4,062,000. PEAK6 LLC bought a new stake in shares of Dorman Products in the fourth quarter worth approximately $1,973,000. Finally, Jump Financial LLC raised its holdings in shares of Dorman Products by 10.1% during the fourth quarter. Jump Financial LLC now owns 7,152 shares of the auto parts company's stock valued at $927,000 after purchasing an additional 655 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

DORM stock traded up $3.33 during midday trading on Tuesday, reaching $118.28. 61,478 shares of the company's stock traded hands, compared to its average volume of 178,683. The stock's 50-day moving average is $119.94 and its 200 day moving average is $126.80. The stock has a market cap of $3.61 billion, a P/E ratio of 19.77 and a beta of 0.86. Dorman Products, Inc. has a 52-week low of $87.05 and a 52-week high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM - Get Free Report) last released 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. The company had revenue of $507.69 million during the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 EPS. As a group, analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insiders Place Their Bets

In other Dorman Products news, SVP Donna M. Long sold 742 shares of Dorman Products 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 $2,593,779.72. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Monday.

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.