Magnetar Financial LLC Invests $287,000 in Dorman Products, Inc. (NASDAQ:DORM)

Magnetar Financial LLC acquired a new stake in 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 (SEC). The institutional investor acquired 2,219 shares of the auto parts company's stock, valued at approximately $287,000.

A number of other hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of Dorman Products by 1.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company's stock valued at $617,000 after buying an additional 84 shares during the period. Csenge Advisory Group raised its position in Dorman Products by 0.5% in the fourth quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company's stock valued at $2,500,000 after purchasing an additional 96 shares during the period. Heritage Family Offices LLP grew its holdings in shares of Dorman Products by 4.9% during the 4th quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company's stock worth $276,000 after purchasing an additional 100 shares during the period. First Horizon Advisors Inc. raised its holdings in Dorman Products by 28.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company's stock valued at $75,000 after buying an additional 146 shares during the period. Finally, Principal Securities Inc. boosted its stake in Dorman Products by 77.6% during the fourth quarter. Principal Securities Inc. now owns 396 shares of the auto parts company's stock worth $51,000 after buying an additional 173 shares during the period. Hedge funds and other institutional investors own 84.70% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other news, Director Steven L. Berman sold 285 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the sale, the director now directly owns 833,527 shares in the company, valued at approximately $102,940,584.50. This trade represents a 0.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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. Insiders sold a total of 30,842 shares of company stock worth $4,048,449 over the last 90 days. 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 report on Friday, March 14th.

Dorman Products Trading Down 0.5 %

DORM traded down $0.62 during mid-day trading on Thursday, hitting $125.15. 253,590 shares of the stock were exchanged, compared to its average volume of 148,638. The company has a market cap of $3.83 billion, a PE ratio of 20.93 and a beta of 0.84. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The firm's fifty day moving average is $128.15 and its two-hundred day moving average is $126.49. Dorman Products, Inc. has a 1-year low of $86.61 and a 1-year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $523.95 million. Equities analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

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.