316,842 Shares in Dorman Products, Inc. (NASDAQ:DORM) Bought by Norges Bank

Norges Bank bought a new position in Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, Holdings Channel reports. The fund bought 316,842 shares of the auto parts company’s stock, valued at approximately $41,047,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DORM. Vanguard Group Inc. boosted its position in shares of Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock valued at $392,372,000 after acquiring an additional 91,361 shares during the period. State Street Corp boosted 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 purchasing an additional 87,780 shares during the period. JPMorgan Chase & Co. grew its position in Dorman Products by 173.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock worth $15,084,000 after purchasing an additional 84,613 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Dorman Products during the 4th quarter worth about $4,810,000. Finally, Barclays PLC raised its position in shares of Dorman Products by 380.7% during the third quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock valued at $5,298,000 after buying an additional 37,098 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated Thursday, March 6th. The shares were 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 directly owns 19,894 shares of the company’s stock, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 617 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 30,842 shares of company stock valued at $4,048,449. Corporate insiders own 10.00% of the company’s stock.

Dorman Products Stock Up 0.4 %

DORM opened at $115.85 on Friday. The company has a market capitalization of $3.54 billion, a P/E ratio of 19.37 and a beta of 0.87. 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 firm’s fifty day moving average price is $126.81 and its two-hundred day moving average price is $126.90. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its 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 business had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. On average, analysts anticipate 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.