Aquatic Capital Management LLC Takes $394,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

Aquatic Capital Management LLC acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,041 shares of the auto parts company's stock, valued at approximately $394,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Dorman Products during the 4th quarter valued at approximately $287,000. Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 4,102 shares during the last quarter. Empowered Funds LLC purchased a new position in Dorman Products during the fourth quarter worth about $387,000. Thrivent Financial for Lutherans increased its position in shares of Dorman Products by 21.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company's stock valued at $4,047,000 after acquiring an additional 5,441 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Dorman Products by 216.6% in the 4th quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company's stock worth $2,555,000 after acquiring an additional 13,487 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares of the company's stock, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Monday.

Dorman Products Trading Up 1.0 %

Shares of DORM traded up $1.28 during trading hours on Thursday, hitting $125.24. The stock had a trading volume of 45,865 shares, compared to its average volume of 181,092. The company's fifty day simple moving average is $119.69 and its 200 day simple moving average is $126.76. The firm has a market cap of $3.83 billion, a P/E ratio of 20.94 and a beta of 0.86. Dorman Products, Inc. has a 12-month low of $87.05 and a 12-month high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.54. The business had revenue of $507.69 million during the quarter, compared to the consensus estimate of $483.09 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS 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.