Teacher Retirement System of Texas Raises Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Teacher Retirement System of Texas raised its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 6.0% during the fourth quarter, Holdings Channel reports. The firm owned 70,674 shares of the auto parts company’s stock after buying an additional 4,008 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dorman Products were worth $9,156,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its position in Dorman Products by 1.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock valued at $617,000 after purchasing an additional 84 shares during the period. Csenge Advisory Group increased its position in Dorman Products by 0.5% during the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock valued at $2,500,000 after purchasing an additional 96 shares during the period. Heritage Family Offices LLP increased its position in Dorman Products by 4.9% during the 4th quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 100 shares during the period. First Horizon Advisors Inc. increased its position in Dorman Products by 28.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock valued at $75,000 after purchasing an additional 146 shares during the period. Finally, Principal Securities Inc. increased its position in Dorman Products by 77.6% during the 4th quarter. Principal Securities Inc. now owns 396 shares of the auto parts company’s stock valued at $51,000 after purchasing an additional 173 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $132.73, for a total value of $1,226,159.74. Following the transaction, the director now owns 788,688 shares in the company, valued at $104,682,558.24. The trade was a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donna M. Long sold 742 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the transaction, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold 33,475 shares of company stock valued at $4,397,374 in the last three months. 10.00% of the stock is currently owned by company insiders.

Dorman Products Stock Down 0.8 %

NASDAQ:DORM opened at $125.45 on Friday. The firm’s 50-day moving average price is $128.14 and its 200-day moving average price is $126.15. The company has a market capitalization of $3.84 billion, a PE ratio of 20.98 and a beta of 0.84. 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 $86.61 and a 1-year high of $146.60.

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

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.