JPMorgan Chase & Co. Acquires 63,074 Shares of Dorman Products, Inc. (NASDAQ:DORM)

JPMorgan Chase & Co. raised its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 47.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 196,415 shares of the auto parts company's stock after acquiring an additional 63,074 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.64% of Dorman Products worth $25,446,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in 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 buying an additional 91,361 shares in the last quarter. State Street Corp boosted its holdings in shares of Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock worth $125,374,000 after acquiring an additional 87,780 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Dorman Products during the 4th quarter worth approximately $4,810,000. Barclays PLC increased its holdings in Dorman Products by 380.7% during the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company's stock valued at $5,298,000 after purchasing an additional 37,098 shares in the last quarter. Finally, Ruffer LLP bought a new position in Dorman Products in the 4th quarter valued at $4,314,000. Institutional investors and hedge funds own 84.70% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Friday, March 14th.

Dorman Products Trading Down 1.8 %

Shares of DORM traded down $2.01 during trading hours on Friday, hitting $111.86. 388,176 shares of the stock traded hands, compared to its average volume of 167,819. The business has a fifty day moving average of $124.34 and a 200-day moving average of $126.86. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.42 billion, a PE ratio of 18.71 and a beta of 0.87. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $533.77 million during the quarter, compared to analysts' expectations of $523.95 million. Analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the company'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 value of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction on Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the transaction, the director now directly owns 832,910 shares in the company, valued at approximately $102,639,499.30. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,557 shares of company stock valued at $4,013,252 over the last three months. Company insiders own 10.00% of the company's stock.

Dorman Products 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.