Bayesian Capital Management LP Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

Bayesian Capital Management LP acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,203 shares of the auto parts company’s stock, valued at approximately $285,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after purchasing an additional 197 shares in the last quarter. Quent Capital LLC purchased a new position in Dorman Products during the 4th quarter valued at about $31,000. CIBC Private Wealth Group LLC increased its stake in Dorman Products by 163.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 172 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Dorman Products in the fourth quarter valued at approximately $42,000. Finally, Blue Trust Inc. grew its stake in shares of Dorman Products by 1,581.0% in the fourth quarter. Blue Trust Inc. now owns 353 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 332 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Stock Up 0.8 %

Dorman Products stock opened at $123.96 on Thursday. The stock has a market cap of $3.79 billion, a PE ratio of 20.73 and a beta of 0.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The stock’s fifty day moving average is $119.69 and its two-hundred day moving average is $126.76. Dorman Products, Inc. has a 1-year low of $87.05 and a 1-year high of $146.60.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, SVP Donna M. Long sold 742 shares of the firm’s stock in a transaction that occurred on 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 $2,593,779.72. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 8.90% of the company’s stock.

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.