Inspire Advisors LLC Purchases 221 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Inspire Advisors LLC increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 2.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,542 shares of the auto parts company’s stock after acquiring an additional 221 shares during the period. Inspire Advisors LLC’s holdings in Dorman Products were worth $1,107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DORM. Flagship Harbor Advisors LLC bought a new stake in shares of Dorman Products in the 4th quarter valued at about $287,000. Intech Investment Management LLC bought a new stake in shares of Dorman Products in the 3rd quarter valued at about $2,014,000. Empowered Funds LLC bought a new stake in shares of Dorman Products in the 4th quarter valued at about $387,000. HighTower Advisors LLC grew its position in shares of Dorman Products by 431.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock valued at $1,563,000 after buying an additional 11,246 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Dorman Products by 41.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock valued at $1,548,000 after buying an additional 3,993 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Insider Activity

In related news, SVP Donna M. Long sold 742 shares of the company’s 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 of the company’s stock, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven L. Berman sold 2,633 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $132.52, for a total value of $348,925.16. Following the transaction, the director now directly owns 833,812 shares in the company, valued at approximately $110,496,766.24. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,090 shares of company stock valued at $5,575,927 in the last ninety days. 10.00% of the stock is owned by company insiders.

Dorman Products Stock Up 0.2 %

Shares of NASDAQ:DORM opened at $125.18 on Tuesday. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 20.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The business’s 50-day moving average is $128.37 and its 200-day moving average is $125.22. Dorman Products, Inc. has a 1 year low of $86.61 and a 1 year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. The company had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Equities research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 28th.

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.