Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury lessened its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 17.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,644 shares of the auto parts company's stock after selling 3,404 shares during the period. State of Tennessee Department of Treasury owned 0.05% of Dorman Products worth $2,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of 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 worth $392,372,000 after buying an additional 91,361 shares in the last quarter. GW&K Investment Management LLC lifted its holdings 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 during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Dorman Products by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock worth $45,954,000 after purchasing an additional 4,102 shares during the period. Norges Bank bought a new position in Dorman Products in the fourth quarter worth about $41,047,000. Finally, JPMorgan Chase & Co. increased its position in shares of Dorman Products by 47.3% during the fourth quarter. JPMorgan Chase & Co. now owns 196,415 shares of the auto parts company's stock worth $25,446,000 after purchasing an additional 63,074 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Stock Performance

Shares of DORM stock traded up $0.27 during mid-day trading on Friday, reaching $115.27. The stock had a trading volume of 180,694 shares, compared to its average volume of 178,668. Dorman Products, Inc. has a 1-year low of $87.05 and a 1-year high of $146.60. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 19.28 and a beta of 0.87. 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 business's fifty day moving average is $120.13 and its 200-day moving average is $126.82.

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

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the transaction, the senior vice president now directly owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 26th.

Dorman Products Company 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.