Harvest Fund Management Co. Ltd Acquires New Position in Dorman Products, Inc. (NASDAQ:DORM)

Harvest Fund Management Co. Ltd acquired a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,258 shares of the auto parts company's stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in shares of Dorman Products by 8.6% during the third quarter. State Street Corp now owns 1,108,327 shares of the auto parts company's stock worth $125,374,000 after acquiring an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Dorman Products by 173.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock worth $15,084,000 after purchasing an additional 84,613 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Dorman Products by 13.9% during the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company's stock valued at $51,453,000 after purchasing an additional 55,615 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in shares of Dorman Products by 33.1% during the third quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company's stock valued at $17,385,000 after purchasing an additional 38,188 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Dorman Products in the fourth quarter worth about $4,810,000. 84.70% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Separately, StockNews.com lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 14th.

Dorman Products Price Performance

Dorman Products stock traded down $0.73 during mid-day trading on Tuesday, reaching $126.00. 156,409 shares of the company's stock traded hands, compared to its average volume of 147,874. Dorman Products, Inc. has a 12-month low of $86.61 and a 12-month high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $128.21 and a two-hundred day moving average of $126.50. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 21.07 and a beta of 0.84.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 9.43% and a return on equity of 16.95%. Equities analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Activity

In related news, Director Steven L. Berman sold 9,238 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the transaction, the director now directly owns 788,688 shares in the company, valued at approximately $104,682,558.24. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction dated 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 directly owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,475 shares of company stock valued at $4,397,374. 10.00% of the stock is currently owned by insiders.

About Dorman Products

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.