Harvest Fund Management Co. Ltd bought a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,258 shares of the auto parts company's stock, valued at approximately $295,000.
A number of other institutional investors and hedge funds have also modified their holdings of DORM. Westside Investment Management Inc. acquired a new position in shares of Dorman Products in the 3rd quarter valued at about $29,000. Jones Financial Companies Lllp grew its stake in Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 197 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Dorman Products during the 3rd quarter worth about $31,000. Quent Capital LLC acquired a new stake in shares of Dorman Products during the 4th quarter valued at about $31,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Dorman Products during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 84.70% of the company's stock.
Dorman Products Price Performance
Shares of NASDAQ:DORM traded down $0.23 during midday trading on Wednesday, reaching $125.77. 193,374 shares of the company's stock were exchanged, compared to its average volume of 148,050. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. 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 company's 50 day simple moving average is $128.21 and its two-hundred day simple moving average is $126.50. The firm has a market capitalization of $3.85 billion, a PE ratio of 21.03 and a beta of 0.84.
Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.21. The firm 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%. Equities research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.
Insider Transactions at Dorman Products
In other Dorman Products news, Director Steven L. Berman sold 617 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the transaction, the director now directly owns 832,910 shares of the company's stock, valued at approximately $102,639,499.30. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,475 shares of company stock worth $4,397,374. Corporate insiders own 10.00% of the company's stock.
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 Friday, March 14th.
Check Out Our Latest Research 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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