Y Intercept Hong Kong Ltd Acquires Shares of 5,163 Dorman Products, Inc. (NASDAQ:DORM)

Y Intercept Hong Kong Ltd bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,163 shares of the auto parts company's stock, valued at approximately $669,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new stake in Dorman Products during the 4th quarter valued at approximately $31,000. Westside Investment Management Inc. bought a new stake in Dorman Products in the 3rd quarter valued at $29,000. Advisors Asset Management Inc. purchased a new stake in Dorman Products in the 3rd quarter worth $31,000. Farther Finance Advisors LLC grew its position in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company's stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Dorman Products in the fourth quarter worth about $42,000. Institutional investors own 84.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DORM. Roth Mkm reissued a "buy" rating and set a $153.00 price target (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a report on Friday.

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Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 8,524 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total value of $1,123,377.96. Following the sale, the director now directly owns 773,094 shares of the company's stock, valued at $101,886,058.26. This represents a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 41,348 shares of company stock worth $5,479,185. 10.00% of the stock is currently owned by insiders.

Dorman Products Trading Up 1.3 %

NASDAQ DORM traded up $1.74 during trading hours on Tuesday, hitting $132.94. 184,193 shares of the company were exchanged, compared to its average volume of 187,191. Dorman Products, Inc. has a 52 week low of $86.61 and a 52 week 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 price of $128.60 and a 200 day moving average price of $124.59. The stock has a market cap of $4.06 billion, a PE ratio of 22.23 and a beta of 0.88.

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

Dorman Products 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.