Harvest Fund Management Co. Ltd Takes $295,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

Harvest Fund Management Co. Ltd acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,258 shares of the auto parts company’s stock, valued at approximately $295,000.

A number of other hedge funds have also recently made changes to their positions in the business. Xponance Inc. acquired a new position in shares of Dorman Products during the fourth quarter valued at about $243,000. Intech Investment Management LLC grew its holdings in shares of Dorman Products by 25.7% during the fourth quarter. Intech Investment Management LLC now owns 22,384 shares of the auto parts company’s stock valued at $2,900,000 after buying an additional 4,581 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Dorman Products by 21.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 31,242 shares of the auto parts company’s stock valued at $4,047,000 after buying an additional 5,441 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Dorman Products during the fourth quarter valued at about $313,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Dorman Products by 1.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company’s stock valued at $617,000 after purchasing an additional 84 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 14th.

Insider Activity

In other news, Director Steven L. Berman sold 285 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $123.50, for a total value of $35,197.50. Following the sale, the director now owns 833,527 shares of the company’s stock, valued at $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Donna M. Long sold 742 shares of the business’s 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 completion of the sale, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,475 shares of company stock valued at $4,397,374 over the last quarter. Company insiders own 10.00% of the company’s stock.

Dorman Products Stock Performance

Shares of DORM stock opened at $125.45 on Friday. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 20.98 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. Dorman Products, Inc. has a 52 week low of $86.61 and a 52 week high of $146.60. The firm’s 50-day simple moving average is $128.14 and its two-hundred day simple moving average is $126.03.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data 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 business had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. As a group, equities analysts forecast 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.