Magnetar Financial LLC Takes $287,000 Position in Dorman Products, Inc. (NASDAQ:DORM)

Magnetar Financial LLC purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,219 shares of the auto parts company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DORM. Westside Investment Management Inc. bought a new stake in shares of Dorman Products during the third quarter worth $29,000. Jones Financial Companies Lllp lifted its position in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after buying an additional 197 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Dorman Products during the 3rd quarter worth about $31,000. Quent Capital LLC acquired a new stake in Dorman Products in the 4th quarter valued at about $31,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Dorman Products in the fourth quarter worth about $42,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Price Performance

Shares of DORM stock opened at $125.45 on Monday. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 20.98 and a beta of 0.84. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $128.14 and a 200 day moving average price of $126.26.

Dorman Products (NASDAQ:DORM) last issued its quarterly 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. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $533.77 million during the quarter, compared to analysts’ expectations of $523.95 million. Research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $132.73, for a total value of $1,226,159.74. Following the completion of the sale, the director now directly owns 788,688 shares of the company’s stock, valued at $104,682,558.24. This represents a 1.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at $2,593,779.72. The trade was 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 in the last 90 days. 10.00% of the stock is owned by company insiders.

Dorman Products Company 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.