USA Financial Formulas Grows Stake in Dorman Products, Inc. (NASDAQ:DORM)

USA Financial Formulas raised its stake in Dorman Products, Inc. (NASDAQ:DORM) by 127.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 387 shares of the auto parts company’s stock after acquiring an additional 217 shares during the quarter. USA Financial Formulas’ holdings in Dorman Products were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Dorman Products by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company’s stock valued at $45,954,000 after acquiring an additional 4,102 shares during the last quarter. Empowered Funds LLC purchased a new position in Dorman Products in the fourth quarter valued at about $387,000. Norges Bank purchased a new stake in shares of Dorman Products during the 4th quarter valued at approximately $41,047,000. LPL Financial LLC lifted its stake in shares of Dorman Products by 216.6% during the 4th quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company’s stock valued at $2,555,000 after buying an additional 13,487 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Dorman Products by 21.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company’s stock valued at $4,047,000 after buying an additional 5,441 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

Shares of DORM stock opened at $127.26 on Thursday. The stock has a market capitalization of $3.88 billion, a P/E ratio of 21.28 and a beta of 0.87. 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 firm’s 50 day moving average is $120.86 and its 200 day moving average is $126.68. Dorman Products, Inc. has a 12 month low of $87.05 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.54. The company had revenue of $507.69 million for the quarter, compared to analysts’ expectations of $483.09 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. Dorman Products’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 EPS. On average, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th.

Insider Buying and Selling

In related news, Director John J. Gavin sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the sale, the director now owns 8,132 shares of the company’s stock, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.90% of the stock is currently owned by insiders.

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.