Ruffer LLP Has $4.77 Million Stock Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Ruffer LLP increased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 18.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,556 shares of the auto parts company’s stock after purchasing an additional 6,259 shares during the quarter. Ruffer LLP owned 0.13% of Dorman Products worth $4,768,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC increased its stake in Dorman Products by 163.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 172 shares in the last quarter. USA Financial Formulas increased its stake in Dorman Products by 127.6% during the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 217 shares in the last quarter. Blue Trust Inc. increased its stake in Dorman Products by 42.5% during the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 150 shares in the last quarter. Covestor Ltd increased its stake in Dorman Products by 46.4% during the 4th quarter. Covestor Ltd now owns 555 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 176 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in Dorman Products by 51.3% during the 1st quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company’s stock worth $69,000 after purchasing an additional 195 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 820 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the transaction, the senior vice president directly owned 19,074 shares of the company’s stock, valued at $2,331,033.54. This trade represents a 4.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Gavin sold 2,900 shares of the firm’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the transaction, the director directly owned 8,132 shares of the company’s stock, valued at $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by company insiders.

Dorman Products Price Performance

Shares of DORM opened at $119.13 on Monday. The stock has a market capitalization of $3.63 billion, a P/E ratio of 17.09 and a beta of 0.79. Dorman Products, Inc. has a twelve month low of $94.87 and a twelve month high of $146.60. The company has a 50 day moving average of $124.32 and a 200-day moving average of $123.96. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 0.33.

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

Analyst Ratings Changes

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

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.