Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. reduced its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,736 shares of the auto parts company’s stock after selling 335 shares during the period. Wrapmanager Inc.’s holdings in Dorman Products were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DORM. Jennison Associates LLC purchased a new position in shares of Dorman Products during the 3rd quarter worth about $13,507,000. Assenagon Asset Management S.A. boosted its holdings in shares of Dorman Products by 182.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company’s stock valued at $17,805,000 after purchasing an additional 137,979 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Dorman Products by 47.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 145,412 shares of the auto parts company’s stock valued at $11,016,000 after buying an additional 46,492 shares during the period. Sheets Smith Wealth Management acquired a new stake in shares of Dorman Products during the 4th quarter worth $1,376,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Dorman Products during the 3rd quarter worth $1,237,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DORM. StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. TheStreet raised shares of Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Roth Mkm reaffirmed a “buy” rating and set a $116.00 price target on shares of Dorman Products in a research report on Monday, March 25th. Finally, Barrington Research reissued an “outperform” rating and issued a $90.00 price objective on shares of Dorman Products in a research report on Tuesday, February 27th.

Dorman Products Stock Up 1.1 %

Shares of DORM traded up $0.97 during midday trading on Thursday, reaching $92.20. 242,770 shares of the company were exchanged, compared to its average volume of 115,787. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $98.55. The stock has a 50-day moving average price of $91.86 and a 200-day moving average price of $83.13. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 22.49 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Tuesday, May 7th. The auto parts company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.82 by $0.49. The firm had revenue of $468.70 million for the quarter, compared to analyst estimates of $472.35 million. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. Dorman Products’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. Research analysts expect that Dorman Products, Inc. will post 5.55 earnings per share for the current year.

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.