Schonfeld Strategic Advisors LLC Has $855,000 Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Schonfeld Strategic Advisors LLC raised its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 176.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,600 shares of the auto parts company's stock after acquiring an additional 4,213 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Dorman Products were worth $855,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DORM. Barclays PLC lifted its stake in Dorman Products by 380.7% in the third quarter. Barclays PLC now owns 46,842 shares of the auto parts company's stock valued at $5,298,000 after acquiring an additional 37,098 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Dorman Products by 5.0% in the third quarter. Tidal Investments LLC now owns 4,918 shares of the auto parts company's stock worth $556,000 after buying an additional 234 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Dorman Products by 173.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company's stock worth $15,084,000 after acquiring an additional 84,613 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Dorman Products by 38.9% during the 4th quarter. GAMMA Investing LLC now owns 671 shares of the auto parts company's stock valued at $87,000 after acquiring an additional 188 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Dorman Products by 4.2% in the 4th quarter. Nordea Investment Management AB now owns 95,366 shares of the auto parts company's stock worth $12,493,000 after purchasing an additional 3,806 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dorman Products news, SVP Donna M. Long sold 742 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the sale, the senior vice president now directly owns 19,894 shares in the company, valued at $2,593,779.72. This trade represents a 3.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 5th.

Dorman Products Stock Performance

NASDAQ:DORM traded up $0.67 during trading hours on Tuesday, hitting $130.91. 142,503 shares of the company traded hands, compared to its average volume of 237,915. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 21.89 and a beta of 0.86. The firm has a 50-day moving average of $119.35 and a 200 day moving average of $127.16. Dorman Products, Inc. has a twelve month low of $87.05 and a twelve month high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.54. The company had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.31 EPS. On average, analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.