4,457 Shares in Dorman Products, Inc. (NASDAQ:DORM) Bought by Massar Capital Management LP

Massar Capital Management LP acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 4,457 shares of the auto parts company's stock, valued at approximately $577,000.

A number of other institutional investors have also added to or reduced their stakes in DORM. Westside Investment Management Inc. purchased a new position in shares of Dorman Products during the third quarter worth about $29,000. Jones Financial Companies Lllp lifted its position in Dorman Products by 518.4% during the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 197 shares during the last quarter. Quent Capital LLC bought a new stake in Dorman Products during the fourth quarter valued at approximately $31,000. CIBC Private Wealth Group LLC lifted its position in Dorman Products by 163.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock valued at $35,000 after purchasing an additional 172 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Dorman Products during the fourth quarter valued at approximately $42,000. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Price Performance

Dorman Products stock traded up $0.19 during mid-day trading on Friday, hitting $114.39. 191,901 shares of the company traded hands, compared to its average volume of 175,330. Dorman Products, Inc. has a one year low of $86.77 and a one year high of $146.60. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 19.13 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The stock has a fifty day moving average price of $121.29 and a 200-day moving average price of $126.93.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.99 by $0.21. The firm had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. On average, equities analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares of the company's stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 9,238 shares of Dorman Products stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the transaction, the director now directly owns 788,688 shares in the company, valued at $104,682,558.24. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,504 shares of company stock valued at $2,446,280. 8.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

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.