Louisiana State Employees Retirement System Purchases Shares of 14,200 Dorman Products, Inc. (NASDAQ:DORM)

Louisiana State Employees Retirement System purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,200 shares of the auto parts company's stock, valued at approximately $1,184,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Dorman Products during the 3rd quarter worth approximately $333,000. Assenagon Asset Management S.A. increased its holdings in Dorman Products by 182.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company's stock valued at $17,805,000 after purchasing an additional 137,979 shares during the last quarter. Jennison Associates LLC acquired a new stake in Dorman Products in the 3rd quarter valued at approximately $13,507,000. Envestnet Asset Management Inc. increased its holdings in Dorman Products by 47.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 145,412 shares of the auto parts company's stock valued at $11,016,000 after purchasing an additional 46,492 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Dorman Products by 17.0% in the 3rd quarter. Deutsche Bank AG now owns 14,635 shares of the auto parts company's stock valued at $1,109,000 after purchasing an additional 2,125 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Wall Street Analysts Forecast Growth

DORM has been the subject of several research reports. Roth Mkm reiterated a "buy" rating and issued a $116.00 target price on shares of Dorman Products in a report on Monday, March 25th. Barrington Research reiterated an "outperform" rating and issued a $90.00 target price on shares of Dorman Products in a report on Tuesday, February 27th. TheStreet upgraded shares of Dorman Products from a "c+" rating to a "b" rating in a report on Wednesday, March 20th. Finally, StockNews.com upgraded shares of Dorman Products from a "hold" rating to a "buy" rating in a report on Thursday, March 7th.

Dorman Products Stock Up 1.6 %

DORM stock traded up $1.43 during midday trading on Tuesday, hitting $90.22. The company's stock had a trading volume of 80,850 shares, compared to its average volume of 117,015. The company has a quick ratio of 1.09, a current ratio of 2.25 and a debt-to-equity ratio of 0.40. Dorman Products, Inc. has a 52-week low of $60.01 and a 52-week high of $98.55. The firm has a market capitalization of $2.80 billion, a P/E ratio of 22.00 and a beta of 0.81. The firm has a 50-day simple moving average of $90.58 and a 200-day simple moving average of $81.97.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.41 by $0.16. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The company had revenue of $494.30 million during the quarter, compared to analysts' expectations of $494.86 million. During the same quarter last year, the company posted $1.01 EPS. The firm's revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts forecast that Dorman Products, Inc. will post 5.55 EPS 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.