Trexquant Investment LP Buys 9,519 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Trexquant Investment LP boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,827 shares of the auto parts company's stock after buying an additional 9,519 shares during the quarter. Trexquant Investment LP owned approximately 0.14% of Dorman Products worth $5,548,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DORM. Westside Investment Management Inc. acquired a new stake in shares of Dorman Products during the third quarter worth $29,000. Jones Financial Companies Lllp raised its position in shares of Dorman Products by 518.4% in the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after acquiring an additional 197 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Dorman Products in the 4th quarter valued at about $31,000. CIBC Private Wealth Group LLC grew its stake 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 worth $35,000 after purchasing an additional 172 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Dorman Products in the fourth quarter valued at approximately $42,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Donna M. Long sold 742 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 285 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $123.50, for a total transaction of $35,197.50. Following the transaction, the director now owns 833,527 shares in the company, valued at approximately $102,940,584.50. This trade represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,842 shares of company stock worth $4,048,449. 10.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Friday, March 14th.

Dorman Products Stock Down 3.9 %

NASDAQ DORM traded down $4.63 during mid-day trading on Thursday, hitting $113.80. The company's stock had a trading volume of 89,891 shares, compared to its average volume of 164,831. 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 company's 50 day simple moving average is $125.08 and its 200 day simple moving average is $126.80. Dorman Products, Inc. has a twelve month low of $86.61 and a twelve month high of $146.60. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 18.93 and a beta of 0.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its 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 company had revenue of $533.77 million during 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%. Analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

About Dorman Products

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.