Ruffer LLP Buys New Position in Dorman Products, Inc. (NASDAQ:DORM)

Ruffer LLP acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 33,297 shares of the auto parts company’s stock, valued at approximately $4,314,000. Ruffer LLP owned about 0.11% of Dorman Products at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DORM. Westside Investment Management Inc. purchased a new position in shares of Dorman Products in the 3rd quarter worth approximately $29,000. Jones Financial Companies Lllp lifted its position in Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after buying an additional 197 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in 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 worth $31,000 after buying an additional 273 shares during the period. Advisors Asset Management Inc. bought a new position in Dorman Products during the third quarter valued at $31,000. Finally, Quent Capital LLC purchased a new stake in shares of Dorman Products in the fourth quarter valued at $31,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Price Performance

DORM opened at $124.91 on Friday. The business has a fifty day moving average of $128.37 and a 200 day moving average of $125.11. The stock has a market cap of $3.82 billion, a P/E ratio of 20.89 and a beta of 0.84. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 52-week low of $86.61 and a 52-week high of $146.60.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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 related news, Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $123.23, for a total value of $76,032.91. Following the completion of the sale, the director now directly owns 832,910 shares in the company, valued at $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Donna M. Long sold 742 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,090 shares of company stock valued at $5,575,927. 10.00% of the stock is currently owned by company insiders.

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.