3,593 Shares in Dorman Products, Inc. (NASDAQ:DORM) Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,593 shares of the auto parts company's stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DORM. Westside Investment Management Inc. acquired a new position in shares of Dorman Products during the 3rd quarter valued at $29,000. Advisors Asset Management Inc. purchased a new position in Dorman Products in the third quarter valued at about $31,000. Farther Finance Advisors LLC boosted its position in shares of Dorman Products by 5,460.0% in the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock worth $31,000 after buying an additional 273 shares during the period. Covestor Ltd boosted its position in shares of Dorman Products by 781.4% in the third quarter. Covestor Ltd now owns 379 shares of the auto parts company's stock worth $43,000 after buying an additional 336 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Dorman Products by 63.2% in the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company's stock valued at $55,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a "buy" rating and issued a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products currently has an average rating of "Buy" and a consensus price target of $125.67.

Insiders Place Their Bets

In related news, insider John Mcknight sold 8,185 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares in the company, valued at $1,240,404.68. This trade represents a 47.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven L. Berman sold 8,485 shares of Dorman Products stock in a transaction on Monday, December 16th. The shares were sold at an average price of $136.83, for a total value of $1,161,002.55. Following the sale, the director now directly owns 867,671 shares in the company, valued at $118,723,422.93. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,629 shares of company stock valued at $5,865,266 in the last ninety days. Corporate insiders own 10.00% of the company's stock.

Dorman Products Stock Down 0.1 %

NASDAQ:DORM traded down $0.09 on Wednesday, reaching $129.97. The stock had a trading volume of 226,092 shares, compared to its average volume of 182,153. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month high of $146.60. The stock has a market cap of $3.97 billion, a P/E ratio of 21.73 and a beta of 0.89. 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 company has a 50-day moving average of $133.64 and a 200 day moving average of $118.76.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.43. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. During the same quarter in the prior year, the business posted $1.40 earnings per share. Dorman Products's revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current 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.