Oberweis Asset Management Inc. Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

Oberweis Asset Management Inc. purchased a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 179,720 shares of the auto parts company's stock, valued at approximately $23,283,000. Dorman Products accounts for approximately 1.1% of Oberweis Asset Management Inc.'s holdings, making the stock its 14th biggest position. Oberweis Asset Management Inc. owned about 0.59% of Dorman Products at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new position in shares of Dorman Products during the fourth quarter worth $287,000. Charles Schwab Investment Management Inc. boosted its stake 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 worth $45,954,000 after buying an additional 4,102 shares during the last quarter. Empowered Funds LLC acquired a new stake in Dorman Products during the fourth quarter worth about $387,000. Thrivent Financial for Lutherans raised its position in Dorman Products by 21.1% during the fourth 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 in the last quarter. Finally, LPL Financial LLC lifted its holdings in Dorman Products by 216.6% in the fourth quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company's stock valued at $2,555,000 after acquiring an additional 13,487 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Price Performance

NASDAQ DORM traded up $0.95 during trading hours on Tuesday, reaching $112.26. The company's stock had a trading volume of 150,982 shares, compared to its average volume of 175,688. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. Dorman Products, Inc. has a 1-year low of $86.77 and a 1-year high of $146.60. The company's 50-day moving average is $120.99 and its two-hundred day moving average is $126.91. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 18.70 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.99 by $0.21. The firm had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. On average, equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, SVP Donna M. Long sold 742 shares of the company's stock in a transaction dated 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 SEC, which can be accessed through this link. Also, Director Steven L. Berman sold 8,524 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 773,094 shares of the company's stock, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% 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.