Northern Trust Corp Has $61.24 Million Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Northern Trust Corp lifted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 472,721 shares of the auto parts company's stock after purchasing an additional 43,811 shares during the period. Northern Trust Corp owned approximately 1.55% of Dorman Products worth $61,241,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC lifted 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 worth $5,298,000 after buying an additional 37,098 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Dorman Products by 5.0% during the third quarter. Tidal Investments LLC now owns 4,918 shares of the auto parts company's stock valued at $556,000 after acquiring an additional 234 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Dorman Products by 173.6% during the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock valued at $15,084,000 after acquiring an additional 84,613 shares during the period. GAMMA Investing LLC boosted its holdings in Dorman Products by 38.9% in the fourth quarter. GAMMA Investing LLC now owns 671 shares of the auto parts company's stock valued at $87,000 after acquiring an additional 188 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Dorman Products by 4.2% in the fourth quarter. Nordea Investment Management AB now owns 95,366 shares of the auto parts company's stock worth $12,493,000 after purchasing an additional 3,806 shares during the period. 84.70% of the stock is owned by institutional investors.

Insider Activity at Dorman Products

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. 8.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $122.99 on Wednesday. The firm has a fifty day moving average of $119.84 and a two-hundred day moving average of $126.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 20.57 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.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.54. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The business had revenue of $507.69 million during the quarter, compared to the consensus estimate of $483.09 million. During the same quarter in the prior year, the company posted $1.31 earnings per share. The firm's revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS 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.

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