USA Financial Formulas Purchases 217 Shares of Dorman Products, Inc. (NASDAQ:DORM)

USA Financial Formulas increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 127.6% during the first quarter, HoldingsChannel.com reports. The fund owned 387 shares of the auto parts company’s stock after acquiring an additional 217 shares during the period. USA Financial Formulas’ holdings in Dorman Products were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors increased its holdings in Dorman Products by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company’s stock worth $247,000 after acquiring an additional 79 shares during the period. HighPoint Advisor Group LLC increased its holdings in shares of Dorman Products by 3.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company’s stock worth $308,000 after buying an additional 83 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Dorman Products by 1.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock worth $617,000 after buying an additional 84 shares during the last quarter. Pitcairn Co. increased its holdings in shares of Dorman Products by 2.0% in the 4th quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company’s stock worth $582,000 after buying an additional 86 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Dorman Products by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company’s stock worth $350,000 after buying an additional 87 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Insider Activity

In other news, Director John J. Gavin sold 2,900 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $127.26 on Thursday. The company’s fifty day moving average price is $120.86 and its 200-day moving average price is $126.68. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 21.28 and a beta of 0.87. Dorman Products, Inc. has a one year low of $87.05 and a one year high of $146.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

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

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.