Horizon Investment Services LLC Acquires 655 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Horizon Investment Services LLC raised its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 26.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,135 shares of the auto parts company’s stock after buying an additional 655 shares during the quarter. Horizon Investment Services LLC’s holdings in Dorman Products were worth $406,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DORM. Norges Bank bought a new stake in Dorman Products in the fourth quarter valued at $41,047,000. JPMorgan Chase & Co. boosted its stake in shares of Dorman Products by 47.3% during the 4th quarter. JPMorgan Chase & Co. now owns 196,415 shares of the auto parts company’s stock valued at $25,446,000 after purchasing an additional 63,074 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Dorman Products during the fourth quarter valued at about $3,290,000. Zions Bancorporation N.A. bought a new position in Dorman Products in the fourth quarter worth about $1,168,000. Finally, Summit Creek Advisors LLC lifted its holdings in Dorman Products by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 114,459 shares of the auto parts company’s stock worth $14,828,000 after buying an additional 355 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Dorman Products

In other news, Director Steven L. Berman sold 617 shares of Dorman Products stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $123.23, for a total value of $76,032.91. Following the completion of the transaction, the director now owns 832,910 shares of the company’s stock, valued at $102,639,499.30. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction 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 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 insiders.

Dorman Products Stock Performance

Shares of DORM stock opened at $120.71 on Friday. The company’s fifty day moving average price is $127.87 and its 200-day moving average price is $126.57. The stock has a market cap of $3.69 billion, a PE ratio of 20.19 and a beta of 0.84. 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, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business had revenue of $533.77 million for the quarter, compared to analysts’ expectations of $523.95 million. On average, equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal 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.