Dorman Products, Inc. (NASDAQ:DORM) Shares Bought by Buckhead Capital Management LLC

Buckhead Capital Management LLC boosted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,250 shares of the auto parts company’s stock after buying an additional 366 shares during the quarter. Buckhead Capital Management LLC’s holdings in Dorman Products were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DORM. Jennison Associates LLC acquired a new stake in shares of Dorman Products in the 3rd quarter valued at $13,507,000. Assenagon Asset Management S.A. lifted its position in Dorman Products by 182.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company’s stock valued at $17,805,000 after acquiring an additional 137,979 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Dorman Products by 47.0% in the third quarter. Envestnet Asset Management Inc. now owns 145,412 shares of the auto parts company’s stock valued at $11,016,000 after acquiring an additional 46,492 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Dorman Products in the third quarter valued at $1,237,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Dorman Products in the fourth quarter valued at $1,184,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Performance

Shares of Dorman Products stock traded up $1.57 on Wednesday, reaching $89.02. 91,850 shares of the stock were exchanged, compared to its average volume of 115,286. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $98.55. The company has a current ratio of 2.25, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average price of $91.36 and a two-hundred day moving average price of $82.47. The firm has a market capitalization of $2.76 billion, a PE ratio of 21.33 and a beta of 0.81.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.16. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The company had revenue of $494.30 million for the quarter, compared to analyst estimates of $494.86 million. During the same period in the prior year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that Dorman Products, Inc. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on DORM. TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a research note on Wednesday, March 20th. StockNews.com upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Roth Mkm restated a “buy” rating and issued a $116.00 price objective on shares of Dorman Products in a research note on Monday, March 25th. Finally, Barrington Research restated an “outperform” rating and issued a $90.00 price objective on shares of Dorman Products in a research note on Tuesday, February 27th.

Dorman Products 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.