GW&K Investment Management LLC Has $62.78 Million Holdings in Dorman Products, Inc. (NASDAQ:DORM)

GW&K Investment Management LLC grew its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM – Get Rating) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 555,513 shares of the auto parts company’s stock after purchasing an additional 24,027 shares during the period. GW&K Investment Management LLC owned about 1.76% of Dorman Products worth $62,779,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MML Investors Services LLC boosted its position in shares of Dorman Products by 3.3% during the 3rd quarter. MML Investors Services LLC now owns 2,907 shares of the auto parts company’s stock worth $275,000 after acquiring an additional 94 shares in the last quarter. Equitable Trust Co. boosted its position in shares of Dorman Products by 6.8% during the 4th quarter. Equitable Trust Co. now owns 2,295 shares of the auto parts company’s stock worth $259,000 after acquiring an additional 146 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Dorman Products by 6.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,827 shares of the auto parts company’s stock worth $319,000 after acquiring an additional 164 shares in the last quarter. Liberty Wealth Management LLC boosted its position in shares of Dorman Products by 96.6% during the 3rd quarter. Liberty Wealth Management LLC now owns 346 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 170 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Dorman Products by 4.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 4,401 shares of the auto parts company’s stock worth $416,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 82.23% of the company’s stock.

Dorman Products stock traded down $2.50 during mid-day trading on Friday, reaching $95.99. The company had a trading volume of 184,916 shares, compared to its average volume of 133,095. The business has a fifty day simple moving average of $96.49 and a 200 day simple moving average of $101.68. The company has a market cap of $3.02 billion, a P/E ratio of 22.80 and a beta of 0.69. Dorman Products, Inc. has a fifty-two week low of $88.43 and a fifty-two week high of $122.96.

Dorman Products (NASDAQ:DORM – Get Rating) last posted its earnings results on Monday, April 25th. The auto parts company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.06. The business had revenue of $401.60 million for the quarter, compared to analyst estimates of $371.84 million. Dorman Products had a net margin of 9.19% and a return on equity of 16.88%. Dorman Products’s revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 EPS. Sell-side analysts predict that Dorman Products, Inc. will post 5.51 earnings per share for the current fiscal year.

In other Dorman Products news, EVP Michael Kealey sold 10,612 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $96.83, for a total value of $1,027,559.96. Following the completion of the transaction, the executive vice president now owns 22,056 shares of the company’s stock, valued at approximately $2,135,682.48. The transaction was disclosed in a filing with the SEC, which is available through this link. 10.30% of the stock is owned by insiders.

DORM has been the topic of several analyst reports. Barrington Research upgraded shares of Dorman Products from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 26th. StockNews.com upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Tuesday, April 5th. MKM Partners began coverage on shares of Dorman Products in a research report on Wednesday. They issued a “buy” rating and a $129.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday.

Dorman Products Company Profile (Get Rating)

Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and 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 oil drain plugs, and wheel bolts and lug nuts.

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