Raymond James Financial Inc. Invests $4.81 Million in Dorman Products, Inc. (NASDAQ:DORM)

Raymond James Financial Inc. acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 37,131 shares of the auto parts company’s stock, valued at approximately $4,810,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Dorman Products by 3.1% during 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 purchasing an additional 91,361 shares during the period. GW&K Investment Management LLC lifted its position in shares of Dorman Products by 1.5% during the 4th quarter. GW&K Investment Management LLC now owns 597,000 shares of the auto parts company’s stock valued at $77,341,000 after buying an additional 8,830 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dorman Products by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company’s stock valued at $45,954,000 after acquiring an additional 4,102 shares during the period. Norges Bank bought a new position in shares of Dorman Products in the fourth quarter worth approximately $41,047,000. Finally, JPMorgan Chase & Co. increased its stake in Dorman Products by 47.3% in the 4th quarter. JPMorgan Chase & Co. now owns 196,415 shares of the auto parts company’s stock worth $25,446,000 after buying an additional 63,074 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven L. Berman sold 8,524 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total value of $1,123,377.96. Following the sale, the director now owns 773,094 shares in the company, valued at approximately $101,886,058.26. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,504 shares of company stock valued at $2,446,280 over the last 90 days. 10.00% of the stock is owned by corporate insiders.

Dorman Products Trading Up 0.2 %

Shares of Dorman Products stock opened at $114.39 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 19.13 and a beta of 0.87. Dorman Products, Inc. has a twelve month low of $86.77 and a twelve month high of $146.60. The business has a 50-day moving average price of $121.29 and a 200-day moving average price of $126.70.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.21. The business 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%. Equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Dorman Products Company 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.