Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by Ruffer LLP

Ruffer LLP boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 18.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,556 shares of the auto parts company's stock after buying an additional 6,259 shares during the quarter. Ruffer LLP owned 0.13% of Dorman Products worth $4,768,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Dorman Products by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company's stock valued at $17,031,000 after purchasing an additional 3,206 shares during the last quarter. Norges Bank bought a new position in shares of Dorman Products during the 4th quarter valued at about $41,047,000. LPL Financial LLC boosted its holdings in shares of Dorman Products by 216.6% during the 4th quarter. LPL Financial LLC now owns 19,715 shares of the auto parts company's stock valued at $2,555,000 after purchasing an additional 13,487 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in shares of Dorman Products by 12.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,493 shares of the auto parts company's stock valued at $301,000 after purchasing an additional 277 shares during the last quarter. Finally, Sierra Summit Advisors LLC purchased a new position in shares of Dorman Products in the 4th quarter worth $565,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Trading Up 6.9%

DORM traded up $8.57 on Tuesday, reaching $133.23. 717,245 shares of the company traded hands, compared to its average volume of 161,877. Dorman Products, Inc. has a one year low of $102.00 and a one year high of $146.60. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 0.33. The company has a market cap of $4.06 billion, a P/E ratio of 18.13 and a beta of 0.79. The firm has a fifty day simple moving average of $124.31 and a two-hundred day simple moving average of $123.92.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.76 by $0.30. The business had revenue of $540.96 million during the quarter, compared to analyst estimates of $517.13 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.64%. The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. As a group, equities research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 820 shares of the business's 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 completion of the transaction, the senior vice president owned 19,074 shares in the company, valued at $2,331,033.54. The trade was a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John J. Gavin sold 2,900 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the transaction, the director 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 position. The disclosure for this sale can be found here. Insiders own 8.90% of the company's stock.

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.