Fuller & Thaler Asset Management Inc. Acquires New Stake in Dorman Products, Inc. (NASDAQ:DORM)

Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 328,020 shares of the auto parts company's stock, valued at approximately $42,495,000. Fuller & Thaler Asset Management Inc. owned approximately 1.07% of Dorman Products at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Dorman Products during the 4th quarter worth approximately $287,000. Charles Schwab Investment Management Inc. raised its stake in Dorman Products by 1.2% in the 4th 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 during the period. Empowered Funds LLC bought a new stake in Dorman Products in the 4th quarter valued at $387,000. Thrivent Financial for Lutherans raised its stake in Dorman Products by 21.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company's stock valued at $4,047,000 after acquiring an additional 5,441 shares during the period. Finally, LPL Financial LLC increased its position in Dorman Products by 216.6% during the 4th quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company's stock worth $2,555,000 after buying an additional 13,487 shares during the period. Institutional investors own 84.70% of the company's stock.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 742 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 19,894 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Berman sold 8,524 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the sale, the director now owns 773,094 shares of the company's stock, valued at $101,886,058.26. This trade represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

Dorman Products Price Performance

Shares of DORM stock traded up $1.25 on Tuesday, reaching $112.56. The company had a trading volume of 129,140 shares, compared to its average volume of 175,558. The stock has a market capitalization of $3.44 billion, a PE ratio of 18.79 and a beta of 0.87. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The business's 50-day moving average is $120.99 and its 200 day moving average is $126.91. Dorman Products, Inc. has a one year low of $86.77 and a one year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday.

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.