Ritholtz Wealth Management Purchases 11,333 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Ritholtz Wealth Management grew its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 315.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,926 shares of the auto parts company's stock after purchasing an additional 11,333 shares during the period. Ritholtz Wealth Management's holdings in Dorman Products were worth $1,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DORM. Fuller & Thaler Asset Management Inc. bought a new position in Dorman Products during the fourth quarter valued at approximately $42,495,000. Norges Bank acquired a new stake in shares of Dorman Products in the 4th quarter valued at $41,047,000. Oberweis Asset Management Inc. bought a new stake in Dorman Products in the fourth quarter worth $23,283,000. Wellington Management Group LLP increased its position in Dorman Products by 1,136.2% during the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock worth $22,635,000 after buying an additional 160,584 shares during the last quarter. Finally, Cercano Management LLC bought a new position in Dorman Products during the fourth quarter valued at about $16,328,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

Shares of NASDAQ DORM traded up $1.61 during trading hours on Friday, hitting $123.40. 95,735 shares of the stock were exchanged, compared to its average volume of 187,337. Dorman Products, Inc. has a one year low of $87.05 and a one year high of $146.60. The company's 50 day moving average is $121.90 and its 200 day moving average is $125.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. The firm has a market capitalization of $3.77 billion, a P/E ratio of 17.67 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data 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. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. The business had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. During the same period in the previous year, the company posted $1.31 earnings per share. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. On average, research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Transactions at Dorman Products

In related news, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the sale, the director now directly owns 8,132 shares of the company's stock, valued at $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.90% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.

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.