GW&K Investment Management LLC Has $77.34 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

GW&K Investment Management LLC increased its position in Dorman Products, Inc. (NASDAQ:DORM) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 597,000 shares of the auto parts company’s stock after purchasing an additional 8,830 shares during the quarter. GW&K Investment Management LLC owned approximately 1.96% of Dorman Products worth $77,341,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Versor Investments LP acquired a new stake in shares of Dorman Products in the fourth quarter valued at approximately $440,000. Oppenheimer Asset Management Inc. raised its stake in Dorman Products by 2.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 14,058 shares of the auto parts company’s stock valued at $1,821,000 after acquiring an additional 370 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Dorman Products during the 4th quarter valued at $954,000. Y Intercept Hong Kong Ltd acquired a new stake in Dorman Products during the 4th quarter valued at $669,000. Finally, Handelsbanken Fonder AB boosted its position in Dorman Products by 11.0% during the fourth quarter. Handelsbanken Fonder AB now owns 8,044 shares of the auto parts company’s stock worth $1,042,000 after purchasing an additional 800 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider John Mcknight sold 8,185 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total transaction of $1,140,497.90. Following the completion of the sale, the insider now directly owns 8,902 shares in the company, valued at approximately $1,240,404.68. This represents a 47.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 617 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $123.23, for a total value of $76,032.91. Following the sale, the director now directly owns 832,910 shares in the company, valued at approximately $102,639,499.30. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,533 shares of company stock worth $6,619,683 in the last quarter. Corporate insiders own 10.00% of the company’s stock.

Dorman Products Stock Performance

DORM opened at $127.99 on Friday. 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 market capitalization of $3.91 billion, a PE ratio of 21.40 and a beta of 0.88. The business has a fifty day simple moving average of $128.60 and a 200 day simple moving average of $123.95. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year high of $146.60.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $523.95 million. Research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

DORM has been the topic of several research analyst reports. Roth Mkm reissued a “buy” rating and issued a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 11th.

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.