Picton Mahoney Asset Management Purchases 8,860 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Picton Mahoney Asset Management boosted its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 88,600.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,870 shares of the auto parts company's stock after purchasing an additional 8,860 shares during the quarter. Picton Mahoney Asset Management's holdings in Dorman Products were worth $1,070,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Dorman Products in the 4th quarter valued at about $42,495,000. Norges Bank acquired a new stake in Dorman Products in the fourth quarter valued at approximately $41,047,000. Oberweis Asset Management Inc. bought a new stake in shares of Dorman Products during the fourth quarter valued at approximately $23,283,000. Wellington Management Group LLP raised its position in shares of 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 purchasing an additional 160,584 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Dorman Products by 32.1% in the 1st quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company's stock worth $72,160,000 after purchasing an additional 145,391 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Insider Transactions at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the transaction, the senior vice president owned 19,074 shares of the company's stock, valued at $2,331,033.54. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Gavin sold 2,900 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the completion of the transaction, the director directly owned 8,132 shares of the company's stock, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company's stock.

Dorman Products Stock Down 1.2%

NASDAQ DORM traded down $1.49 during trading hours on Friday, hitting $119.13. The company's stock had a trading volume of 161,753 shares, compared to its average volume of 211,963. The company has a market capitalization of $3.63 billion, a PE ratio of 17.09 and a beta of 0.85. The company has a current ratio of 2.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. Dorman Products, Inc. has a 52 week low of $94.87 and a 52 week high of $146.60. The company's 50-day simple moving average is $124.44 and its two-hundred day simple moving average is $124.08.

Dorman Products (NASDAQ:DORM - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a return on equity of 19.10% and a net margin of 10.48%. Dorman Products's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 EPS. Research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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 report on Friday, May 16th.

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.