Edgestream Partners L.P. Purchases New Stake in Dorman Products, Inc. (NASDAQ:DORM)

Edgestream Partners L.P. bought a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 67,954 shares of the auto parts company's stock, valued at approximately $8,191,000. Edgestream Partners L.P. owned approximately 0.22% of Dorman Products at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its holdings 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 in the last quarter. HighPoint Advisor Group LLC boosted its holdings in Dorman Products by 3.5% during the fourth 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. grew its position in shares of Dorman Products by 1.8% during 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 period. Pitcairn Co. raised its position 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 valued at $582,000 after acquiring an additional 86 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in Dorman Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock valued at $350,000 after purchasing an additional 87 shares during the period. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Performance

Dorman Products stock traded down $0.18 during midday trading on Monday, reaching $122.32. 156,717 shares of the company's stock were exchanged, compared to its average volume of 217,673. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 2.62. The stock's 50-day simple moving average is $125.89 and its 200 day simple moving average is $124.60. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 17.55 and a beta of 0.85. Dorman Products, Inc. has a 52 week low of $94.00 and a 52 week high of $146.60.

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

Analyst Upgrades and Downgrades

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

Insider Activity at Dorman Products

In related 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 transaction, the director directly owned 8,132 shares of the company's stock, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.