Xponance Inc. Has $237,000 Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Xponance Inc. increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,966 shares of the auto parts company’s stock after purchasing an additional 90 shares during the quarter. Xponance Inc.’s holdings in Dorman Products were worth $237,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC increased its position in Dorman Products by 163.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 172 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in Dorman Products in the 4th quarter valued at about $49,000. USA Financial Formulas increased its position in Dorman Products by 127.6% in the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 217 shares in the last quarter. Blue Trust Inc. increased its position in Dorman Products by 42.5% in the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 150 shares in the last quarter. Finally, Covestor Ltd increased its position in Dorman Products by 46.4% in the 4th quarter. Covestor Ltd now owns 555 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 176 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th.

Insider Activity

In other news, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the sale, the director directly owned 8,132 shares in the company, valued at $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.90% of the stock is owned by company insiders.

Dorman Products Stock Down 0.9%

Shares of NASDAQ:DORM opened at $121.33 on Friday. Dorman Products, Inc. has a one year low of $94.87 and a one year high of $146.60. The company has a 50 day moving average of $125.83 and a 200-day moving average of $124.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 17.41 and a beta of 0.85.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.48 by $0.54. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The company had revenue of $507.69 million during the quarter, compared to analysts’ expectations of $483.09 million. During the same quarter in the previous year, the company earned $1.31 EPS. Dorman Products’s revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share 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.