State of Wisconsin Investment Board Acquires 67,000 Shares of Dorman Products, Inc. (DORM)

State of Wisconsin Investment Board raised its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 54.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 190,000 shares of the auto parts company’s stock after acquiring an additional 67,000 shares during the period. State of Wisconsin Investment Board owned approximately 0.57% of Dorman Products worth $12,580,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DORM. Schwab Charles Investment Management Inc. raised its position in shares of Dorman Products by 3.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 178,876 shares of the auto parts company’s stock valued at $10,937,000 after acquiring an additional 5,664 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Dorman Products by 0.4% during the 4th quarter. GW&K Investment Management LLC now owns 313,826 shares of the auto parts company’s stock valued at $19,187,000 after acquiring an additional 1,365 shares during the last quarter. Reinhart Partners Inc. bought a new stake in shares of Dorman Products during the 4th quarter valued at $1,307,000. Conestoga Capital Advisors LLC raised its position in shares of Dorman Products by 12.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 642,180 shares of the auto parts company’s stock valued at $39,263,000 after acquiring an additional 70,280 shares during the last quarter. Finally, American Capital Management Inc. raised its position in shares of Dorman Products by 6.8% during the 4th quarter. American Capital Management Inc. now owns 330,065 shares of the auto parts company’s stock valued at $20,180,000 after acquiring an additional 20,895 shares during the last quarter. Institutional investors own 75.03% of the company’s stock.

In other news, Director John J. Gavin purchased 1,536 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was bought at an average price of $65.23 per share, with a total value of $100,193.28. Following the acquisition, the director now directly owns 3,395 shares of the company’s stock, valued at $221,455.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffery Darby sold 1,100 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $72.77, for a total transaction of $80,047.00. Following the completion of the transaction, the senior vice president now directly owns 13,488 shares of the company’s stock, valued at approximately $981,521.76. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

Several analysts have commented on the stock. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a research report on Tuesday, May 1st. ValuEngine cut shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. BidaskClub cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 24th. Finally, Zacks Investment Research cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.50.

Shares of Dorman Products opened at $65.97 on Monday, MarketBeat reports. Dorman Products, Inc. has a 12-month low of $56.36 and a 12-month high of $86.32. The firm has a market capitalization of $2.20 billion, a PE ratio of 19.07, a PEG ratio of 1.13 and a beta of 0.92.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Tuesday, May 1st. The auto parts company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.07). Dorman Products had a net margin of 11.89% and a return on equity of 18.27%. The firm had revenue of $227.30 million during the quarter, compared to analyst estimates of $233.97 million. During the same period last year, the firm earned $0.83 EPS. Dorman Products’s quarterly revenue was up 2.6% on a year-over-year basis. sell-side analysts expect that Dorman Products, Inc. will post 4.17 earnings per share for the current fiscal year.

Dorman Products Company Profile

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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

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