Harvest Fund Management Co. Ltd Acquires New Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Harvest Fund Management Co. Ltd acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,258 shares of the auto parts company’s stock, valued at approximately $295,000.

Several other hedge funds also recently bought and sold shares of DORM. OneDigital Investment Advisors LLC purchased a new position in Dorman Products during the third quarter valued at approximately $327,000. Natixis Advisors LLC grew its stake in Dorman Products by 12.5% in the 3rd quarter. Natixis Advisors LLC now owns 27,482 shares of the auto parts company’s stock worth $3,109,000 after buying an additional 3,049 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Dorman Products by 8.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 25,801 shares of the auto parts company’s stock worth $2,918,000 after buying an additional 2,058 shares in the last quarter. Quest Partners LLC grew its stake in Dorman Products by 838.5% in the 3rd quarter. Quest Partners LLC now owns 3,754 shares of the auto parts company’s stock worth $425,000 after buying an additional 3,354 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Dorman Products by 13.9% in the 3rd quarter. Jennison Associates LLC now owns 454,852 shares of the auto parts company’s stock worth $51,453,000 after buying an additional 55,615 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director Steven L. Berman sold 285 shares of the 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 sale, the director now owns 833,527 shares of the company’s stock, valued at $102,940,584.50. This represents a 0.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 33,475 shares of company stock valued at $4,397,374 in the last quarter. Company insiders own 10.00% of the company’s stock.

Dorman Products Price Performance

DORM stock opened at $125.45 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a 52 week low of $86.61 and a 52 week high of $146.60. The firm’s fifty day moving average is $128.14 and its 200 day moving average is $126.03. The firm has a market cap of $3.84 billion, a P/E ratio of 20.98 and a beta of 0.84.

Dorman Products (NASDAQ:DORM) last released its earnings results 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 company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.