KLP Kapitalforvaltning AS Acquires Shares of 7,200 Dorman Products, Inc. (NASDAQ:DORM)

KLP Kapitalforvaltning AS purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 7,200 shares of the auto parts company's stock, valued at approximately $933,000.

A number of other large investors also recently made changes to their positions in DORM. Jones Financial Companies Lllp increased 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 during the last quarter. Quent Capital LLC purchased a new position in shares of Dorman Products during the 4th quarter worth about $31,000. Westside Investment Management Inc. purchased a new position in shares of Dorman Products during the 3rd quarter worth about $29,000. Newbridge Financial Services Group Inc. purchased a new stake in Dorman Products in the fourth quarter valued at approximately $42,000. Finally, Blue Trust Inc. grew its holdings in Dorman Products by 1,581.0% in the fourth quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 332 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Trading Up 0.4 %

Shares of NASDAQ DORM traded up $0.48 during midday trading on Friday, hitting $115.85. The stock had a trading volume of 322,593 shares, compared to its average volume of 161,018. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 19.37 and a beta of 0.84. The company has a fifty day moving average price of $126.81 and a 200 day moving average price of $126.90.

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Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. On average, analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 617 shares of the 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 completion of the sale, the director now owns 832,910 shares of the company's stock, valued at $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 is available through the SEC website. Also, SVP Donna M. Long sold 742 shares of the business's 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 transaction, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,842 shares of company stock valued at $4,048,449 over the last three months. 10.00% of the stock is owned by company insiders.

Dorman Products Company 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.