Versor Investments LP Acquires New Position in Dorman Products, Inc. (NASDAQ:DORM)

Versor Investments LP acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,393 shares of the auto parts company’s stock, valued at approximately $440,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Csenge Advisory Group lifted its position in shares of Dorman Products by 0.5% in the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock worth $2,500,000 after buying an additional 96 shares during the last quarter. Equitable Trust Co. raised its stake in Dorman Products by 2.2% during the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after acquiring an additional 97 shares during the period. Heritage Family Offices LLP lifted its holdings in Dorman Products by 4.9% in the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock worth $276,000 after acquiring an additional 100 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Dorman Products by 28.3% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company’s stock valued at $75,000 after acquiring an additional 146 shares during the period. Finally, Principal Securities Inc. boosted its stake in Dorman Products by 77.6% in the fourth quarter. Principal Securities Inc. now owns 396 shares of the auto parts company’s stock valued at $51,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Activity

In related news, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the transaction, the director now owns 773,094 shares in the company, valued at $101,886,058.26. This trade represents a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Mcknight sold 8,185 shares of the business’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 approximately $1,240,404.68. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,533 shares of company stock valued at $6,619,683. Company insiders own 10.00% of the company’s stock.

Dorman Products Price Performance

NASDAQ DORM opened at $131.46 on Monday. The company has a 50-day moving average price of $128.60 and a two-hundred day moving average price of $124.42. Dorman Products, Inc. has a 52 week low of $86.61 and a 52 week high of $146.60. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 21.98 and a beta of 0.88. 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 (NASDAQ:DORM) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.21. The business had revenue of $533.77 million during the quarter, compared to analyst estimates 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 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DORM. Roth Mkm reissued 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. StockNews.com raised Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday.

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.