Handelsbanken Fonder AB Acquires 800 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Handelsbanken Fonder AB increased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,044 shares of the auto parts company’s stock after acquiring an additional 800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Dorman Products were worth $1,042,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DORM. Creative Planning raised its stake in shares of Dorman Products by 53.6% in the third quarter. Creative Planning now owns 6,912 shares of the auto parts company’s stock valued at $782,000 after buying an additional 2,413 shares during the period. Raymond James & Associates raised its stake in shares of Dorman Products by 26.7% in the third quarter. Raymond James & Associates now owns 34,867 shares of the auto parts company’s stock valued at $3,944,000 after buying an additional 7,349 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Dorman Products in the third quarter valued at $251,000. Nisa Investment Advisors LLC raised its stake in shares of Dorman Products by 4.1% in the third quarter. Nisa Investment Advisors LLC now owns 9,630 shares of the auto parts company’s stock valued at $1,089,000 after buying an additional 381 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of Dorman Products by 11.9% in the third quarter. New York State Teachers Retirement System now owns 23,659 shares of the auto parts company’s stock valued at $2,676,000 after buying an additional 2,509 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Steven L. Berman sold 617 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $123.23, for a total transaction of $76,032.91. Following the completion of the transaction, the director now directly owns 832,910 shares in the company, valued at $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the transaction, the insider now owns 8,902 shares of the company’s stock, valued at approximately $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,533 shares of company stock worth $6,619,683 over the last ninety days. 10.00% of the stock is owned by corporate insiders.

Dorman Products Price Performance

Shares of NASDAQ DORM opened at $127.99 on Friday. The stock has a market cap of $3.91 billion, a PE ratio of 21.40 and a beta of 0.88. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60. 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 of $128.60 and a 200-day moving average of $123.95.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.21. The company had revenue of $533.77 million during the quarter, compared to analysts’ expectations of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Equities research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Roth Mkm restated a “buy” rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 11th.

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.