Ritholtz Wealth Management Boosts Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Ritholtz Wealth Management raised its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 315.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,926 shares of the auto parts company's stock after acquiring 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 reporting period.

Several other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors lifted its stake in shares of Dorman Products by 4.3% in 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 lifted its stake 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 acquiring an additional 83 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake 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 acquiring an additional 84 shares during the period. Pitcairn Co. lifted its stake 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 acquiring an additional 86 shares during the period. Finally, Summit Investment Advisors Inc. lifted its stake 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 acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Dorman Products Price Performance

Shares of NASDAQ DORM traded up $0.55 during midday trading on Wednesday, hitting $121.79. The company had a trading volume of 175,218 shares, compared to its average volume of 187,625. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 0.33. Dorman Products, Inc. has a twelve month low of $87.05 and a twelve month high of $146.60. The business has a 50-day simple moving average of $121.68 and a two-hundred day simple moving average of $126.13. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 17.47 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.48 by $0.54. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The firm had revenue of $507.69 million during the quarter, compared to analysts' expectations of $483.09 million. During the same quarter last year, the business earned $1.31 earnings per share. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Activity at Dorman Products

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the transaction, the director now directly owns 8,132 shares in the company, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.90% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of 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.