Dorman Products, Inc. (NASDAQ:DORM) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC lifted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 13.4% in the fourth quarter, HoldingsChannel reports. The firm owned 4,257 shares of the auto parts company’s stock after buying an additional 503 shares during the quarter. AlphaQuest LLC’s holdings in Dorman Products were worth $551,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of 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 in the last quarter. Quent Capital LLC purchased a new position in Dorman Products in the fourth quarter worth approximately $31,000. Westside Investment Management Inc. purchased a new position in Dorman Products in the third quarter worth approximately $29,000. Advisors Asset Management Inc. purchased a new position in Dorman Products in the third quarter worth approximately $31,000. Finally, Farther Finance Advisors LLC lifted its stake in 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 acquiring an additional 273 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 28th.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares of the company’s stock, valued at $2,593,779.72. The trade was a 3.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven L. Berman sold 285 shares of Dorman Products stock in a transaction on Friday, January 10th. The shares were sold at an average price of $123.50, for a total transaction of $35,197.50. Following the completion of the transaction, the director now directly owns 833,527 shares in the company, valued at $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,090 shares of company stock worth $5,575,927. 10.00% of the stock is currently owned by insiders.

Dorman Products Stock Up 0.1 %

Shares of NASDAQ:DORM opened at $126.82 on Thursday. The company has a market capitalization of $3.88 billion, a PE ratio of 21.21 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. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The firm has a 50 day simple moving average of $128.19 and a 200-day simple moving average of $125.44.

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