WCM Investment Management CA lifted its stake in Dorman Products Inc. (NASDAQ:DORM) by 503.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,457 shares of the auto parts company’s stock after purchasing an additional 57,940 shares during the period. WCM Investment Management CA’s holdings in Dorman Products were worth $4,247,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DORM. TIAA CREF Investment Management LLC boosted its holdings in Dorman Products by 1.8% in the second quarter. TIAA CREF Investment Management LLC now owns 73,917 shares of the auto parts company’s stock valued at $6,118,000 after purchasing an additional 1,324 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Dorman Products by 2.0% in the second quarter. UBS Asset Management Americas Inc. now owns 15,440 shares of the auto parts company’s stock valued at $1,278,000 after purchasing an additional 307 shares during the period. Northern Trust Corp boosted its holdings in Dorman Products by 0.4% in the second quarter. Northern Trust Corp now owns 495,067 shares of the auto parts company’s stock valued at $40,977,000 after purchasing an additional 1,945 shares during the period. Vanguard Group Inc. boosted its holdings in Dorman Products by 1.0% in the second quarter. Vanguard Group Inc. now owns 2,833,910 shares of the auto parts company’s stock valued at $234,562,000 after purchasing an additional 27,088 shares during the period. Finally, FMR LLC boosted its holdings in Dorman Products by 15.8% in the second quarter. FMR LLC now owns 411,000 shares of the auto parts company’s stock valued at $34,018,000 after purchasing an additional 56,197 shares during the period. Hedge funds and other institutional investors own 72.63% of the company’s stock.

Shares of Dorman Products Inc. (NASDAQ DORM) opened at $71.74 on Friday. Dorman Products Inc. has a 52 week low of $60.93 and a 52 week high of $88.50. The firm has a market capitalization of $2,449.26, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.74 and a beta of 0.85.

A number of analysts have weighed in on the company. BidaskClub upgraded Dorman Products from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Jefferies Group restated a “hold” rating and issued a $75.00 price target on shares of Dorman Products in a research note on Sunday, October 29th. Zacks Investment Research cut Dorman Products from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. B. Riley restated a “neutral” rating and issued a $65.00 price target (down from $75.00) on shares of Dorman Products in a research note on Wednesday, November 1st. Finally, FBR & Co restated a “neutral” rating and issued a $65.00 price target (down from $75.00) on shares of Dorman Products in a research note on Monday, October 30th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Dorman Products has a consensus rating of “Hold” and a consensus price target of $68.33.

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Dorman Products Company Profile

Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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