Jump Financial LLC Acquires 655 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Jump Financial LLC boosted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 10.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,152 shares of the auto parts company’s stock after purchasing an additional 655 shares during the period. Jump Financial LLC’s holdings in Dorman Products were worth $927,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in DORM. Norges Bank bought a new position in shares of Dorman Products during the 4th quarter valued at approximately $41,047,000. Wellington Management Group LLP grew its holdings in Dorman Products by 1,136.2% during the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock valued at $22,635,000 after purchasing an additional 160,584 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Dorman Products by 889.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 126,180 shares of the auto parts company’s stock valued at $16,347,000 after purchasing an additional 113,424 shares during the period. Vanguard Group Inc. increased its position in 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 buying an additional 91,361 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Dorman Products by 173.6% in the third quarter. JPMorgan Chase & Co. now owns 133,341 shares of the auto parts company’s stock valued at $15,084,000 after buying an additional 84,613 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other Dorman Products news, Director Steven L. Berman sold 9,238 shares of the company’s stock in a transaction that occurred on 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 owns 788,688 shares of the company’s stock, valued at $104,682,558.24. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donna M. Long sold 742 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $2,593,779.72. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,137 shares of company stock worth $2,790,044. 10.00% of the stock is currently owned by insiders.

Dorman Products Stock Down 2.6 %

DORM opened at $108.29 on Tuesday. Dorman Products, Inc. has a 12 month low of $86.61 and a 12 month high of $146.60. The company has a market cap of $3.31 billion, a PE ratio of 18.11 and a beta of 0.87. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $122.40 and a 200 day moving average of $126.85.

Dorman Products (NASDAQ:DORM) last released 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. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $533.77 million for the quarter, compared to analyst estimates of $523.95 million. On average, sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

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.