Northern Trust Corp Buys 43,811 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Northern Trust Corp boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,721 shares of the auto parts company's stock after purchasing an additional 43,811 shares during the quarter. Northern Trust Corp owned about 1.55% of Dorman Products worth $61,241,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Dorman Products by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company's stock worth $392,372,000 after acquiring an additional 91,361 shares during the period. GW&K Investment Management LLC boosted its position in shares of 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 worth $77,341,000 after buying an additional 8,830 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dorman Products by 1.2% in 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 purchasing an additional 4,102 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Dorman Products during the 4th quarter valued at $42,495,000. Finally, Norges Bank purchased a new stake in Dorman Products during the 4th quarter worth about $41,047,000. Institutional investors and hedge funds own 84.70% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.90% of the stock is currently owned by corporate insiders.

Dorman Products Trading Up 4.1%

Shares of NASDAQ DORM traded up $5.17 during midday trading on Monday, hitting $129.86. The stock had a trading volume of 28,088 shares, compared to its average volume of 181,717. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 21.71 and a beta of 0.86. Dorman Products, Inc. has a 1-year low of $87.05 and a 1-year high of $146.60. 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 company has a fifty day moving average price of $119.45 and a 200 day moving average price of $127.06.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.54. The firm had revenue of $507.69 million for 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 company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 earnings per share. On average, analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

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.