WINTON GROUP Ltd Makes New Investment in Dorman Products, Inc. (NASDAQ:DORM)

WINTON GROUP Ltd acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,398 shares of the auto parts company’s stock, valued at approximately $3,290,000. WINTON GROUP Ltd owned approximately 0.08% of Dorman Products as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Dorman Products by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,028,728 shares of the auto parts company’s stock worth $392,372,000 after acquiring an additional 91,361 shares in the last quarter. State Street Corp increased its holdings in Dorman Products by 8.6% during the 3rd quarter. State Street Corp now owns 1,108,327 shares of the auto parts company’s stock worth $125,374,000 after purchasing an additional 87,780 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Dorman Products by 173.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after purchasing an additional 84,613 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in shares of Dorman Products by 33.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 153,688 shares of the auto parts company’s stock valued at $17,385,000 after buying an additional 38,188 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dorman Products during the fourth quarter worth approximately $4,810,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Donna M. Long sold 742 shares of the firm’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 value of $96,741.96. Following the sale, the senior vice president now owns 19,894 shares of the company’s stock, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven L. Berman sold 285 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the transaction, the director now owns 833,527 shares of the company’s stock, valued at approximately $102,940,584.50. The trade was a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,842 shares of company stock valued at $4,048,449. Company insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

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

Dorman Products Stock Down 0.5 %

NASDAQ:DORM opened at $125.15 on Friday. 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 company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 20.93 and a beta of 0.84. Dorman Products, Inc. has a one year low of $86.61 and a one year high of $146.60. The stock has a 50-day simple moving average of $128.05 and a 200 day simple moving average of $126.48.

Dorman Products (NASDAQ:DORM) last issued its 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. The company had revenue of $533.77 million during the quarter, compared to analyst estimates of $523.95 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. Sell-side analysts predict 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.