Raymond James Financial Inc. Acquires Shares of 37,131 Dorman Products, Inc. (NASDAQ:DORM)

Raymond James Financial Inc. bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 37,131 shares of the auto parts company’s stock, valued at approximately $4,810,000.

A number of other large investors have also modified their holdings of DORM. Thrivent Financial for Lutherans grew its stake in Dorman Products by 8.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 25,801 shares of the auto parts company’s stock valued at $2,918,000 after acquiring an additional 2,058 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Dorman Products during the 3rd quarter worth approximately $31,000. Charles Schwab Investment Management Inc. grew its position in shares of Dorman Products by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company’s stock valued at $39,662,000 after purchasing an additional 3,365 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Dorman Products by 70.9% in the third quarter. Citigroup Inc. now owns 35,697 shares of the auto parts company’s stock valued at $4,038,000 after purchasing an additional 14,807 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in Dorman Products by 50.8% during the third quarter. Cerity Partners LLC now owns 27,300 shares of the auto parts company’s stock worth $3,088,000 after buying an additional 9,201 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Down 0.6 %

Shares of NASDAQ DORM opened at $126.00 on Wednesday. The company has a market capitalization of $3.85 billion, a P/E ratio of 21.07 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. The company has a 50 day simple moving average of $128.21 and a 200-day simple moving average of $126.50. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its 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 company had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. On average, equities research analysts predict 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 617 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the transaction, the director now directly owns 832,910 shares in the company, valued at $102,639,499.30. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction on Thursday, March 6th. The shares were 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 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 a total of 33,475 shares of company stock valued at $4,397,374 over the last 90 days. 10.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.