Versor Investments LP acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,393 shares of the auto parts company's stock, valued at approximately $440,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in Dorman Products during the fourth quarter worth $287,000. Intech Investment Management LLC acquired a new position in Dorman Products during the third quarter worth $2,014,000. Empowered Funds LLC acquired a new position in Dorman Products during the fourth quarter worth $387,000. HighTower Advisors LLC raised its holdings in Dorman Products by 431.9% during the third quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company's stock worth $1,563,000 after purchasing an additional 11,246 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Dorman Products by 41.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company's stock worth $1,548,000 after purchasing an additional 3,993 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Dorman Products
In other news, Director Steven L. Berman sold 8,485 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $136.83, for a total value of $1,161,002.55. Following the completion of the sale, the director now owns 867,671 shares of the company's stock, valued at $118,723,422.93. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 41,348 shares of company stock valued at $5,479,185 over the last quarter. Company insiders own 10.00% of the company's stock.
Dorman Products Price Performance
Shares of NASDAQ DORM traded down $5.50 during trading on Thursday, reaching $129.30. The company had a trading volume of 106,981 shares, compared to its average volume of 191,560. The stock has a market capitalization of $3.95 billion, a PE ratio of 21.62 and a beta of 0.88. The stock has a 50-day moving average price of $128.61 and a two-hundred day moving average price of $124.83. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.
Dorman Products (NASDAQ:DORM - Get Free Report) last released its 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 return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. As a group, sell-side analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.
Analysts Set New Price Targets
Separately, StockNews.com raised Dorman Products from a "buy" rating to a "strong-buy" rating in a report on Friday, February 28th.
Check Out Our Latest Stock Report on DORM
About Dorman Products
(
Free Report)
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.
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