Flagship Harbor Advisors LLC Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

Flagship Harbor Advisors LLC acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,216 shares of the auto parts company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DORM. Westside Investment Management Inc. purchased a new position in shares of Dorman Products in the 3rd quarter worth $29,000. Advisors Asset Management Inc. bought a new stake in shares of Dorman Products during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC lifted its stake in shares of Dorman Products by 5,460.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 273 shares during the period. Covestor Ltd boosted its holdings in shares of Dorman Products by 781.4% in the third quarter. Covestor Ltd now owns 379 shares of the auto parts company’s stock worth $43,000 after buying an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Dorman Products by 63.2% during the third quarter. GAMMA Investing LLC now owns 483 shares of the auto parts company’s stock valued at $55,000 after buying an additional 187 shares during the period. Institutional investors own 84.70% of the company’s stock.

Dorman Products Trading Down 0.9 %

Dorman Products stock opened at $132.33 on Thursday. Dorman Products, Inc. has a 12-month low of $79.43 and a 12-month high of $146.60. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 22.13 and a beta of 0.89. The firm has a 50 day moving average of $133.18 and a 200 day moving average of $120.32. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million for the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $1.40 EPS. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $125.67.

Insider Buying and Selling at Dorman Products

In related news, SVP Eric Luftig sold 3,278 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the completion of the transaction, the senior vice president now directly owns 5,934 shares of the company’s stock, valued at approximately $837,821.46. This trade represents a 35.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven L. Berman sold 8,485 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the completion of the sale, the director now owns 867,671 shares in the company, valued at approximately $118,723,422.93. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,500 shares of company stock valued at $7,435,190 over the last ninety days. 10.00% of the stock is currently owned by company insiders.

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.