Envestnet Portfolio Solutions Inc. Raises Position in Dorman Products, Inc. (NASDAQ:DORM)

Envestnet Portfolio Solutions Inc. increased its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,763 shares of the auto parts company’s stock after purchasing an additional 84 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Dorman Products were worth $617,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DORM. State Street Corp grew its holdings in Dorman Products by 8.6% in the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock valued at $125,374,000 after buying an additional 87,780 shares during the period. JPMorgan Chase & Co. grew its holdings in Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after purchasing an additional 84,613 shares during the period. ArrowMark Colorado Holdings LLC grew its holdings in Dorman Products by 33.1% in the third quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company’s stock valued at $17,385,000 after purchasing an additional 38,188 shares during the period. Raymond James Financial Inc. acquired a new position in Dorman Products during the fourth quarter worth approximately $4,810,000. Finally, Barclays PLC raised its stake in Dorman Products by 380.7% during the third quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock worth $5,298,000 after purchasing an additional 37,098 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, 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 value of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares of the company’s stock, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven L. Berman sold 285 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the sale, the director now owns 833,527 shares in the company, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,475 shares of company stock valued at $4,397,374. Company insiders own 10.00% of the company’s stock.

Dorman Products Stock Performance

NASDAQ DORM opened at $126.73 on Tuesday. 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. The firm has a market capitalization of $3.88 billion, a P/E ratio of 21.19 and a beta of 0.84. The business’s 50-day simple moving average is $128.21 and its 200-day simple moving average is $126.38.

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

Dorman Products 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.