Legal & General Group Plc Grows Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Legal & General Group Plc boosted its position in Dorman Products, Inc. (NASDAQ:DORM) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 76,998 shares of the auto parts company’s stock after purchasing an additional 140 shares during the period. Legal & General Group Plc’s holdings in Dorman Products were worth $9,975,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DORM. Norges Bank bought a new position in shares of Dorman Products in the fourth quarter valued at approximately $41,047,000. Wellington Management Group LLP boosted its position in Dorman Products by 1,136.2% in the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock worth $22,635,000 after purchasing an additional 160,584 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Dorman Products by 889.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 126,180 shares of the auto parts company’s stock valued at $16,347,000 after purchasing an additional 113,424 shares during the period. Vanguard Group Inc. increased its position in shares of Dorman Products by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock valued at $392,372,000 after purchasing an additional 91,361 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Dorman Products by 173.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after purchasing an additional 84,613 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 14th.

Dorman Products Trading Down 0.4 %

NASDAQ:DORM opened at $111.18 on Friday. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. 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 firm’s 50 day moving average is $123.03 and its 200 day moving average is $126.64. The stock has a market capitalization of $3.40 billion, a PE ratio of 18.59 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last issued its quarterly 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. The firm had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insiders Place Their Bets

In other Dorman Products news, Director Steven L. Berman sold 2,633 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $130.56, for a total transaction of $343,764.48. Following the sale, the director now owns 814,339 shares of the company’s stock, valued at $106,320,099.84. The trade was a 0.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction 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 $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,679 shares of company stock worth $3,253,409 over the last quarter. 10.00% of the stock is currently owned by company insiders.

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.