MetLife Investment Management LLC Boosts Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

MetLife Investment Management LLC lifted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,332 shares of the auto parts company’s stock after acquiring an additional 259 shares during the period. MetLife Investment Management LLC owned 0.05% of Dorman Products worth $1,986,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in Dorman Products by 95.3% during the 4th quarter. First Trust Advisors LP now owns 46,664 shares of the auto parts company’s stock worth $6,045,000 after buying an additional 22,768 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Dorman Products in the fourth quarter valued at $2,384,000. EAM Global Investors LLC purchased a new position in shares of Dorman Products during the fourth quarter worth about $3,471,000. EAM Investors LLC acquired a new stake in Dorman Products during the 4th quarter worth approximately $4,062,000. Finally, PEAK6 LLC acquired a new stake in Dorman Products during the 4th quarter worth approximately $1,973,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Dorman Products Trading Down 2.7 %

NASDAQ:DORM opened at $111.31 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a fifty day moving average price of $120.99 and a two-hundred day moving average price of $126.91. Dorman Products, Inc. has a 1 year low of $86.77 and a 1 year high of $146.60. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 18.61 and a beta of 0.87.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.21. The company had revenue of $533.77 million during 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%. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 742 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the transaction, the senior vice president now owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the transaction, the director now directly owns 773,094 shares of the company’s stock, valued at approximately $101,886,058.26. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by company insiders.

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.