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

Aquatic Capital Management LLC purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,041 shares of the auto parts company's stock, valued at approximately $394,000.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in shares of Dorman Products by 518.4% in the 4th 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. Quent Capital LLC bought a new position in Dorman Products in the fourth quarter valued at $31,000. CIBC Private Wealth Group LLC raised its position 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 valued at $35,000 after purchasing an additional 172 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Dorman Products during the fourth quarter worth about $42,000. Finally, Blue Trust Inc. boosted its holdings in shares of Dorman Products by 1,581.0% in the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company's stock worth $46,000 after purchasing an additional 332 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Dorman Products Trading Up 7.0 %

NASDAQ:DORM traded up $8.04 during trading hours on Tuesday, reaching $122.99. The company's stock had a trading volume of 492,115 shares, compared to its average volume of 180,371. The firm has a 50-day simple moving average of $119.94 and a 200-day simple moving average of $126.80. 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, Inc. has a 1 year low of $87.05 and a 1 year high of $146.60. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 20.57 and a beta of 0.86.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.54. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $507.69 million during the quarter, compared to analyst estimates of $483.09 million. During the same quarter in the previous year, the company posted $1.31 EPS. Dorman Products's revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity

In related news, SVP Donna M. Long sold 742 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the sale, the senior vice president now directly owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 8.90% of the company's stock.

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.