Magnetar Financial LLC Purchases New Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Magnetar Financial LLC bought a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,219 shares of the auto parts company's stock, valued at approximately $287,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new stake in Dorman Products during the 3rd quarter worth about $29,000. Jones Financial Companies Lllp lifted 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 buying an additional 197 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Dorman Products during the 3rd quarter worth approximately $31,000. Quent Capital LLC acquired a new stake in shares of Dorman Products during the 4th quarter worth approximately $31,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Dorman Products in the 4th quarter valued at $42,000. Institutional investors own 84.70% of the company's stock.

Dorman Products Stock Down 0.2 %

NASDAQ:DORM traded down $0.30 on Tuesday, hitting $126.44. The stock had a trading volume of 70,363 shares, compared to its average volume of 147,608. 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 52 week low of $86.61 and a 52 week high of $146.60. The business's fifty day moving average is $128.21 and its 200 day moving average is $126.38. The company has a market cap of $3.87 billion, a PE ratio of 21.17 and a beta of 0.84.

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Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results 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. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. On average, equities research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Donna M. Long sold 742 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 19,894 shares of the company's stock, valued at $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 available through this hyperlink. Also, Director Steven L. Berman sold 9,238 shares of Dorman Products stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $132.73, for a total value 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. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,475 shares of company stock worth $4,397,374 in the last quarter. Insiders own 10.00% of the company's stock.

Analyst Ratings Changes

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

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.